Posted at 10:56 a.m., Tuesday, November 21, 2006
Sale of Hawai'i locations lifts Jack in the Box profits
Advertiser Staff
The sale of 25 locations in Hawai'i helped Jack in the Box Inc. report net income rose to $33.2 million during the three months ended Oct. 1 as compared with the profit of $21.5 million a year earlier.The San Diego-based company said it had a gain of $15.6 million on the sale of the Hawai'i restaurants. Jack in the Box sold the restaurants to local fast-food executive Chris Scanlan in September.
Scanlan, president and chief executive of Scanlan Management, has also signed a development agreement to add an undisclosed number of Jack in the Box restaurants in the Islands.
