Is This Fast-Food Stock About to See a Return to Growth?
Fast food is a staple in the United States, but the sector is saturated with some well-known brands holding huge market shares. Jack in the Box (NASDAQ: JACK) has been working on expanding in this tough industry, recently adding a new concept to the mix via the acquisition of Del Taco, which specializes in Mexican cuisine. There are a couple of reasons to like this move, one of which could start to show up pretty quickly.
McDonald's (NYSE: MCD) is the 800-pound gorilla in the fast-food space, with over 40,000 restaurants located in 119 countries around the world. The company is a household name. Then there's Jack in the Box, which has around 2,200 restaurants in 21 U.S. states and Guam. It is not a household name.
Image source: Getty Images.
Source Fool.com
