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Stock impact report

How Jack in the Box's struggles sparked a clash for control [Los Angeles Times (CA)]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Activist investor Biglari Capital wants shareholders to vote out board chairman David Goebel at the end of the month, accusing him of mismanagement. An immigration crackdown and a $400 million loss from their Del Taco acquisition have deepened the chain's troubles. Jack in the Box has lost its spring. The San Diego-based fast-food chain is losing customers, its shares have nosedived, and some investors think it needs new leadership The 75-year-old restaurant is trying to find its footing while everyday consumers pull back on spending. The company reported a more than 6% decline in same-store sales last quarter and has seen shares drop 53% over the past year. It's stuck in a difficult spot. As it seeks ways to cut costs to boost profitability, customers looking to save seem to find more value in its competitors. “Fast food chains have been struggling,” said Julie Littman, a senior reporter at the trade publication Restaurant Dive. “It's been hard to really pinpoint one thi Show less Read more
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