Jack in the Box took the top spot in the latest Rosenberg Center Franchise 50 Index™ report at the University of New Hampshire, jumping 33.4 percent in market value in the third quarter of 2006.
“In early August, Jack in the Box reported strong financial results for the past quarter, with sales growing over 10 percent and earnings exceeding expectations. Jack in the Box further pleased investors by raising its profit outlook for 2006. In September, it completed the sale of 25 company-owned restaurants in Hawaii to franchise operator Scanlan Management LLC,? according to the report by The William Rosenberg International Center of Franchising at the University of New Hampshire Whittemore School of Business and Economics.
“Jack in the Box stock price was also boosted by McDonald’s announcement in September of strong same-store sales. Fast-food stock investors had been worried that the slowdown in the casual-dining restaurant sector would spread to the fast food sector. McDonald’s announcement dispelled this concern and helped the whole fast-food sector,? the report said.
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