Jack in the Box Closing Hundreds of Restaurants, Exploring Del Taco Sale
To improve profitability and shareholder return, Jack in the Box is implementing its “JACK on Track” plan. This plan includes closing 150-200 underperforming restaurants by the end of 2025 and exploring the potential sale of its Del Taco subsidiary, acquired in 2022 for $575 million. The company aims to streamline operations and focus on growth-oriented investments in technology and restaurant renovations. These actions are intended to strengthen the company’s balance sheet and improve its overall financial outlook. This restructuring will affect approximately 2,200 Jack in the Box and 600 Del Taco locations across the United States.
John Q. Hosedrinker