Jack in the Box system same-store sales increased 12.2 percent for the quarter. Company same-store sales increased 9.6 percent in the fourth quarter driven by average check growth of 21.9 percent while transactions decreased 12.3 percent. Improvement in company same-store sales as compared with the third quarter was primarily driven by a sequential improvement in transactions.
The Federal Reserve Bank lowered the minimum loan amount in its Main Street Lending Program to $100,000.
Is Up Double-Digit Sales for Entire 2020
Capriotti's Sandwich Shop is reporting double-digit same-store sales increases for Q2 and Q3, year over year. As 2020 progresses, consumer needs continue to evolve with a greater demand for off-premise dining.
The Company is solidly in the Recovery Phase of its Plan, with September systemwide comparable sales already at about 85% of the prior year – Drive-Thru and Delivery posted record sales in the quarter, growing 54% and 180% in constant currency versus the prior year, respectively
Sequential Improvement in Comparable Sales Trends in the Second Quarter Continue Through the Third Quarter – Company Reports Positive Operating Income for the Third Quarter and Positive Comparable Sales for October
Company revenues increased 17.1% compared to third quarter of 2019 – Comparable sales increased 23.8% in North America and 20.7% Internationally in the third quarter
Burger King Comparable Restaurant Sales Increase 0.8%, up 720 Basis Points Compared to the Second Quarter
Sequential Improvement in Comparable Restaurant Sales Trend Compared to Second Quarter – Pollo Tropical Q3 Adjusted EBITDA as % of Restaurant Sales Increased from 12.4% in 2019 to 13.6% in 2020 – Taco Cabana Q3 Adjusted EBITDA as % of Restaurant Sales Increased from 1.6% in 2019 to 7.0% in 2020
Company Increases Quarterly Dividend by 40%