Does Florida Have Jack In The Box?

To put into perspective how much of a shift that is, in the past 10 years, Jack in the Box opened an average of 21 restaurants per year, or a 0.9 percent average unit growth rate. In the same window, the sandwich segment (McDonald’s, Wendy’s, Taco Bell, Burger King, Sonic, etc.) grew by an average of 2 percent.

Also, Jack in the Box’s 10-year average net opening rate is 0.2 percent, compared to 0.6 percent for competitors. Harris attributed Jack’s below average growth rate in the past decade to selling restaurants to undercapitalized franchisees faced with intensive cash requirements for remodels and new restaurant development.

The answer, according to Harris, is that Jack in the Box is capable of soaring past 6,000 restaurants nationwide by growing in new and existing markets. And that doesn’t include nontraditional stores and ghost kitchens. As for how fast, the brand plans to ramp up to 4 percent annual restaurant growth by 2025.

During Q3, Jack in the Box expects to cross $4 billion in systemwide sales on a trailing 12-month basis for the first time in company history. In the second quarter, same-store sales increased 16 percent on a two-year stack, and average weekly sales per store grew 17 percent to $35,000.