Jack In The Box (JACK) will sell Qdoba, its Mexican themed restaurant brand, to private equity firm Apollo Global Management for $305m cash. JACK actually acquired Qdoba for $45m back in 2003, so the company was able to do some nice things with it over the years. Unfortunately, the brand has struggled to grow recently and same store… Read More »
Janney analyst Mark Kalikowsky is quite bullish on Taco Bell and recently raised his same store estimates for Taco Bell by four (4) percentage points. More interesting for us here is the fact that Mr. Kalikowsky also reiterated his thoughts that the chain should be spun off from its more globally focused parent, Yum Brands (YUM), which itself… Read More »
Every venture capitalist and investor has heard one of these classic, hype-inducing pitch lines before: This is the next (insert name of successful company) We are the (insert name of successful company) of (different industry) Well, if you are selling burritos, then it’s all about being the next Chipotle (CMG). That was the buzz surrounding the 2012 Fiesta… Read More »