Jack in the Box to close up to 200 'underperforming' locations

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Jack in the Box to close up to 200 'underperforming' locations | CNN Business

//business-finance.news-articles.net/content/202 .. -200-underperforming-locations-cnn-business.html

Published in Business and Finance on Monday, April 28th 2025 at 5:40 GMT by CNN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Jack in the Box plans to close approximately 10% of its locations and is exploring a sale of its Del Taco brand amid a broader overhaul of the fast food chain that is struggling as customers cut back on spending.

2025-04-28 312 x 176 / 90322 Bytes

Jack in the Box is set to close 37 underperforming locations across the United States as part of a strategic move to enhance overall profitability and focus on more successful outlets, with closures primarily affecting stores in California, Texas, and Illinois. Concurrently, Jack in the Box has finalized the sale of its Del Taco brand to a private equity firm for $575 million, aiming to streamline its business operations and concentrate on its core Jack in the Box brand. The sale of Del Taco, which Jack in the Box acquired in 2021, is expected to be completed by the end of the third quarter of 2025, and the company plans to use the proceeds to pay down debt and invest in growth initiatives for Jack in the Box.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/24/food/jack-in-the-box-closures-del-taco-sale/index.html ]