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Jack In The Box (JACK) Boosts AI Abilities With InMoment Tie-up
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Jack In The Box Inc. (JACK - Free Report) recently announced the collaboration with InMoment for the roll out of InMoment Spotlight, an advanced artificial intelligence (AI) analytics software. The initiative focuses on improving the omnichannel guest experience with quality products and services.
The company intends to use the AI-driven technology to enhance the clarity of consumer input for structured and unstructured data, including social media, videos and audio files. The initiative enables business to incorporate signals in all of their forms, creating a more complete picture of the required action.
The initiative emphasizes on business areas including limited time offer (LTO) knowledge (based on customer feedback), restaurant performance acceleration (based on the comparison of store models and growth drivers) and automate monthly business views.
The company is optimistic in this regard and anticipates using the new information to boost customer satisfaction. This will likely pave the path for enhancement in brand loyalty promotion.
Price Performance
Image Source: Zacks Investment Research
Shares of the company have surged 58.5% in the past year compared with the industry’s 26.2% growth. The company is benefiting from store-expansion initiatives, menu innovation and loyalty program. The utilization of digital platforms to enhance overall guest experiences and customer satisfaction adds to the positives.
In second-quarter fiscal 2023, the company zeroed in on two POS providers (that will be finalized by the fiscal third quarter). The POS rollout will assist in driving down cost of the system. Also, it emphasized on technological investments covering applications, software and tools (like digital menu boards), AI and personalized in-store ordering. The company intends to focus on new kitchen configuration and equipment upgrades to drive growth. Earnings estimates for fiscal 2023 have increased in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.
Zacks Rank & Key Picks
Jack in the Box currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Retail-Wholesale sector include:
Chuy's Holdings, Inc. (CHUY - Free Report) sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 23.4%, on average. Shares of CHUY have skyrocketed 105.2% in the past year. You can see the complete list of today’s Zacks Rank #1 stocks here.
The Zacks Consensus Estimate for Chuy’s Holdings’ 2023 sales and EPS suggests growth of 9.9% and 27%, respectively, from the year-ago period’s levels.
Arcos Dorados Holdings Inc. (ARCO - Free Report) carries a Zacks Rank #2 (Buy). ARCO has a long-term earnings growth rate of 9.5%. The stock has rallied 46.3% in the past year.
The Zacks Consensus Estimate for Arcos Dorados’ 2023 sales and EPS suggests growth of 13.4% and 4.4%, respectively, from the year-ago period’s levels.
Chipotle Mexican Grill, Inc. (CMG - Free Report) carries a Zacks Rank #2. CMG has a long-term earnings growth rate of 31.8%. The stock has improved 60.4% in the past year.
The Zacks Consensus Estimate for Chipotle’s 2023 sales and EPS suggests growth of 14.2% and 34.2%, respectively, from the year-ago period’s levels.
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Jack In The Box (JACK) Boosts AI Abilities With InMoment Tie-up
Jack In The Box Inc. (JACK - Free Report) recently announced the collaboration with InMoment for the roll out of InMoment Spotlight, an advanced artificial intelligence (AI) analytics software. The initiative focuses on improving the omnichannel guest experience with quality products and services.
The company intends to use the AI-driven technology to enhance the clarity of consumer input for structured and unstructured data, including social media, videos and audio files. The initiative enables business to incorporate signals in all of their forms, creating a more complete picture of the required action.
The initiative emphasizes on business areas including limited time offer (LTO) knowledge (based on customer feedback), restaurant performance acceleration (based on the comparison of store models and growth drivers) and automate monthly business views.
The company is optimistic in this regard and anticipates using the new information to boost customer satisfaction. This will likely pave the path for enhancement in brand loyalty promotion.
Price Performance
Image Source: Zacks Investment Research
Shares of the company have surged 58.5% in the past year compared with the industry’s 26.2% growth. The company is benefiting from store-expansion initiatives, menu innovation and loyalty program. The utilization of digital platforms to enhance overall guest experiences and customer satisfaction adds to the positives.
In second-quarter fiscal 2023, the company zeroed in on two POS providers (that will be finalized by the fiscal third quarter). The POS rollout will assist in driving down cost of the system. Also, it emphasized on technological investments covering applications, software and tools (like digital menu boards), AI and personalized in-store ordering. The company intends to focus on new kitchen configuration and equipment upgrades to drive growth. Earnings estimates for fiscal 2023 have increased in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.
Zacks Rank & Key Picks
Jack in the Box currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Retail-Wholesale sector include:
Chuy's Holdings, Inc. (CHUY - Free Report) sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 23.4%, on average. Shares of CHUY have skyrocketed 105.2% in the past year. You can see the complete list of today’s Zacks Rank #1 stocks here.
The Zacks Consensus Estimate for Chuy’s Holdings’ 2023 sales and EPS suggests growth of 9.9% and 27%, respectively, from the year-ago period’s levels.
Arcos Dorados Holdings Inc. (ARCO - Free Report) carries a Zacks Rank #2 (Buy). ARCO has a long-term earnings growth rate of 9.5%. The stock has rallied 46.3% in the past year.
The Zacks Consensus Estimate for Arcos Dorados’ 2023 sales and EPS suggests growth of 13.4% and 4.4%, respectively, from the year-ago period’s levels.
Chipotle Mexican Grill, Inc. (CMG - Free Report) carries a Zacks Rank #2. CMG has a long-term earnings growth rate of 31.8%. The stock has improved 60.4% in the past year.
The Zacks Consensus Estimate for Chipotle’s 2023 sales and EPS suggests growth of 14.2% and 34.2%, respectively, from the year-ago period’s levels.