California fast food workers hail wage hike, franchise owners worried [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
receiving a $20-an-hour minimum wage on Monday, and the increase had some small business owners questioning their future, even as workers said the raise helps pay the bills. The pay boost, from the state's $16 minimum, followed negotiations between groups representing workers and restaurants. It applies to chains with 60 or more locations nationwide. Governor Gavin Newsom, who signed the compromise into law last September, said one goal is to make the state's economy more inclusive. To Brian Hom, 66, it feels the opposite. For seven years he and his wife have owned two Vitality Bowls superfood café franchises in South San Jose, and now have about three dozen employees, mostly young adults in high school and college. "It's kind of a catch 22, where people want higher wages," said Hom, who until last week paid the city's minimum wage of $17.55. "But at the same time the costs to run the business... It doesn't work out." Hom has increased prices 5% to 10% in response. He has not
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JACK
News
- Del Taco Opens Eighth Location in the Sunshine StateGlobeNewswire
- Can AI-powered drive-throughs save the day for fast food operators? [Los Angeles Times (CA)]Los Angeles Times
- Prices at California Chipotle, McDonald's and other fast-food chains are rising following minimum wage hike [FOX Business Network]FOX Business Network
- California's latest job-killing policy is more bad news for Golden Staters [FOX Business Network]FOX Business Network
- LEGENDARY MEDIA & MARKETING DEALMAKER MICHAEL KASSAN TO SPEAK AT 2024 OOH MEDIA CONFERENCE [Yahoo! Finance]Yahoo! Finance
JACK
Earnings
- 2/21/24 - In-Line
JACK
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- JACK's page on the SEC website