Jack in the Box Inc. Announces Intentions to Sell Quick Stuff®
17 10월 2008 - 8:05AM
Business Wire
Jack in the Box Inc. (NYSE: JBX) today announced that at a
regularly-scheduled meeting of its Board of Directors held in
September, the Board approved plans to sell the company�s Quick
Stuff� convenience stores. There are currently 61 Quick Stuff
locations, each built adjacent to a full-size Jack in the Box�
restaurant and including a major-brand fuel station. The company
does not intend to sell the Jack in the Box restaurants adjoining
these stores. Linda Lang, chairman and chief executive officer,
said, �The Board and management of Jack in the Box agreed that by
selling Quick Stuff, we can focus on maximizing the potential of
our Jack in the Box and Qdoba� brands. We appreciate the dedication
of all of our Quick Stuff associates, and will look to them to
assist in a smooth transition during this process.� The sale of
Quick Stuff is not expected to have a material impact on ongoing
earnings. There can be no assurance that a transaction will be
consummated at a value acceptable to the company. About Jack in the
Box Inc. Jack in the Box Inc. (NYSE: JBX), based in San Diego, is a
restaurant company that operates and franchises Jack in the Box�
restaurants, one of the nation�s largest hamburger chains, with
more than 2,100 restaurants in 18 states. Additionally, through a
wholly owned subsidiary, the company operates and franchises Qdoba
Mexican Grill�, a leader in fast-casual dining, with more than 400
restaurants in 40 states. The company also operates a proprietary
chain of convenience stores called Quick Stuff�, with 61 locations,
each built adjacent to a full-size Jack in the Box restaurant and
including a major-brand fuel station. For more information, visit
www.jackinthebox.com.
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