California's $20 minimum wage led to fast-food price hikes, lower customer traffic, study shows [Yahoo! Finance]
Jack In The Box Inc. (JACK)
Last jack in the box inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
A recent study released by Placer.ai found that as a result of the new law which impacts restaurants with 60 or more locations — most quick-service chains have raised menu prices in the state by anywhere from the mid-single digits to mid-teens, percentage-wise, and the price hikes are hurting business. The analysis found that during February and March of this year, foot traffic at major chain restaurants in California was actually up year-over-year and higher than the national average, but that abruptly shifted after the wage hike went into effect. During April through May, foot traffic to fast-food restaurants in California was below the national average for seven out of eight weeks, Placer.ai said. The analytics firm said quick-service burger chains were the hardest hit. BUSINESSES ‘FED UP' WITH CALIFORNIA'S MINIMUM WAGE HIKE AS PRICES SOAR, THOUSANDS FORCED OUT OF WORK McDonald's, for instance, saw roughly the same year-over-year foot traffic at its California locations as
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News
- Jack in the Box to expand to Georgia with 15 locations [Yahoo! Finance]Yahoo! Finance
- Jack in the Box (JACK) Expands With New Del Taco in Orlando [Yahoo! Finance]Yahoo! Finance
- Del Taco Continues Its Florida Expansion With New Location in Orlando-Metro AreaGlobeNewswire
- Jack in the Box quick-service restaurants coming to Georgia [Yahoo! Finance]Yahoo! Finance
- Jack in the Box to open 15 restaurants in Georgia [Yahoo! Finance]Yahoo! Finance
JACK
Earnings
- 5/14/24 - Miss
JACK
Sec Filings
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- JACK's page on the SEC website