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Jack in the Box Withdraws 2020 Guidance

TheMotleyFool

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Jack in the Box Withdraws 2020 GuidancePhoto, wide shot, wide-angle lens, Convenience store, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/35bdb659-cf5a-466a-95a9-428a230a2d2e.png

Fast-food chain Jack in the Box (NASDAQ: JACK) is withdrawing its financial guidance for the remainder of 2020, according to a press release from the company on Wednesday. With the COVID-19 pandemic affecting dining habits across its 2,250 locations, the restaurant chain is unable to reasonably forecast what its results will be for the time being.

Jack in the Box also announced moves to increase its liquidity and provide some flexibility for its restaurant franchisees.

Image source: Getty Images.

Source Fool.com

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