Lame, but true. Jack in the Box is up another 5 points today to $70. Wow.
Qdoba, like Chipotle’s is kicking some serious ass and I wish I had bought the stock. If we had filmed our Wallstrip show from Qdoba’s, it would not have been as funny, but I would have made some money.
Disclosure – Long CMG
first segment of the tv show i wrote this morning:
Jack-In-The-Box shares are up hitting all time highs this morning as the burger and burrito maker posted earnings that blew past any Wall Street estimates. Jack says the recently introduced and totally unhealthy Mozzarella Cheese Sticks, and the Steak n’ Cheddar Ciabatta Sandwich helped sales grow almost six percent at it’s flagship stores. But the real growth story for Jack is it’s Mexican food chain Qdoba. Jack-In-the-box plans to open over 90 new Qdoba stores in 2007. That number is almost twice what is planned for the burger segment.
should have used the wallstrip video. better stuff.