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    Jack in the Box Continues Expansion in Michigan with 5-Unit Development Deal in Detroit

    11/20/24 9:41:00 PM ET
    $JACK
    Restaurants
    Consumer Discretionary
    Get the next $JACK alert in real time by email

    This Announcement Expands on Previously Announced Plans to Open 5 Restaurants in West Michigan & Over 20 in Chicagoland

    Jack in the Box Leverages Local Expertise for Detroit Launch with Experienced Franchise Operators

    Jack in the Box Inc. (NASDAQ:JACK), a leading publicly traded quick-service restaurant company, today announced a five-unit development agreement in the Detroit, Michigan market. This agreement expands on the brand's previously announced plans to open five locations in West Michigan with another franchisee.

    "We are delighted to welcome Maan Almansour and Andi Kareem to our growing franchise family in Michigan," said Van Ingram, vice president franchise development. "Their passion for the restaurant industry and deep understanding of the Detroit market make them ideal partners to bring our brand to this vibrant city."

    This 5-store development agreement in Detroit, MI builds on the brand's Michigan momentum with plans already in the works to build five locations in West Michigan over the next five years with the first one slated to open in Battle Creek. This is part of the Midwest expansion for Jack in the Box with two recently opened CloudKitchens in downtown Chicago, IL and additional Chicagoland expansion with eight company-operated units planned and twelve commitments with a new franchisee.

    "With approximately 2,200 locations nationwide and the recent success from our new market openings in Salt Lake City and Louisville, we've recognized how much pent-up demand Jack in the Box has across the country," Added Ingram. "We're an iconic franchise brand with whitespace availability, flexible prototypes, and commitment to growing in the Midwest."

    Jack in the Box is known for its iconic menu that features customer favorites like burgers, tacos, chicken sandwiches, milkshakes, all-day breakfast, and late-night snacking options. The new locations in Detroit will offer dine-in, drive-thru, and mobile ordering options. If you're interested in growing with Jack in the Box in the Midwest and across the country, please visit www.jackintheboxfranchising.com.

    About Jack in the Box

    Jack in the Box Inc. (NASDAQ:JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,200 restaurants across 22 states, and Del Taco®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 600 restaurants across 16 states. For more information on both brands, including franchising opportunities, visit www.jackintheboxfranchising.com and www.deltacofranchise.com.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241120055324/en/

    Get the next $JACK alert in real time by email

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    Q&A

    New
    • What recent expansion plans has Jack in the Box announced?

      Jack in the Box has announced a development agreement to open five new restaurant locations in the Detroit market.

    • Who are the franchise operators responsible for the new locations in Detroit?

      The new locations will be developed by experienced franchise operators Maan Almansour and Andi Kareem, who have a deep understanding of the Detroit market.

    • How does the Detroit expansion relate to Jack in the Box's previously announced plans in West Michigan?

      This expansion follows Jack in the Box's earlier plans to open five locations in West Michigan over the next five years, with the first in Battle Creek.

    • What other expansions has Jack in the Box undertaken in the Midwest, besides the Detroit announcement?

      Jack in the Box has also recently opened CloudKitchens in downtown Chicago and plans to expand with additional company-operated and franchise locations in the region.

    • What types of services will the new Jack in the Box locations in Detroit provide?

      The new Detroit locations will offer various dining options, including dine-in, drive-thru, and mobile ordering, enhancing customer accessibility.

    Recent Analyst Ratings for
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    DatePrice TargetRatingAnalyst
    11/21/2025Sell → Neutral
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    10/28/2025$18.00Neutral
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    10/22/2025$19.00 → $17.00Equal Weight
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    10/13/2025$22.00Buy
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    6/20/2025$20.00Buy → Hold
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    5/27/2025$22.00Buy → Hold
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    5/19/2025$20.00Neutral → Sell
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    Jack in the Box Drops Smashed Jack Sliders Munchie Meal With Surprise Cups and a Chance to Win $75,000

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    Jack In The Box upgraded by Northcoast

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    11/21/25 8:04:36 AM ET
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    Mizuho initiated coverage on Jack In The Box with a new price target

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    2/18/26 4:05:00 PM ET
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