This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jack In The Box's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Jack in the Box (JACK)

Q4 2011 Earnings Call

November 22, 2011 11:30 am ET


Jerry P. Rebel - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Linda A. Lang - Chairman, Chief Executive Officer, President and Chairman of Executive Committee

Leonard A. Comma - Chief Operating Officer and Executive Vice President

Carol A. DiRaimo - Vice President of Investor Relations & Corporate Communications


Peter Saleh - Telsey Advisory Group LLC

Keith Siegner - Crédit Suisse AG, Research Division

Jake R. Bartlett - Susquehanna Financial Group, LLLP, Research Division

Bart Glenn - D.A. Davidson & Co., Research Division

Jeffrey F. Omohundro - Wells Fargo Securities, LLC, Research Division

John S. Glass - Morgan Stanley, Research Division

Brian J. Bittner - Oppenheimer & Co. Inc., Research Division

Jeffrey Andrew Bernstein - Barclays Capital, Research Division

Conrad Lyon - B. Riley & Co., LLC, Research Division

David E. Tarantino - Robert W. Baird & Co. Incorporated, Research Division

Christopher T. O'Cull - SunTrust Robinson Humphrey, Inc., Research Division



[Audio Gap]

which we expect to be largely completed by the end of the calendar year.

On our refranchising strategy with the sale of 332 restaurants during 2011, the Jack in the Box system was 72% franchised at the end of the year, and we've achieved our original goal of increasing the percentage of franchise ownership to 70% to 80% 2 years ahead of the plan.

Over the last 6 years, we've refranchised more than 1,000 restaurants and expect to refranchise 150 to 200 restaurants over the next couple of years, which will bring our Jack in the Box franchise ownership to approximately 80% of the system.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.11 0.39%
FB $117.50 -0.07%
GOOG $696.77 0.54%
TSLA $236.25 -1.90%
YHOO $36.34 -0.71%


Chart of I:DJI
DOW 17,756.45 -134.71 -0.75%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs