Industry ChallengesManagement noted seeing industry and traffic pressures like many other peers in the current quarter, and noted QTD trends are currently negative for both Jack and Del Taco.
Leadership ChangesThe company announced the departure of CEO Darin Harris and CFO Lance Tucker has stepped up as the interim CEO.
Stock PerformanceA busy day for JACK brought management change, which weighed on the stock, but better F1Q results, which may drive some reversion, but still leaves the story and strategy in limbo.