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4mo ago

Jack in the Box Launches Sweeping Restructuring with Closures and Del Taco Sale Exploration

The fast-food chain will shutter up to 200 underperforming locations, suspend dividends, and consider selling Del Taco to streamline operations and reduce debt.

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Jack in the Box is Closing 200 Locations, & Contemplating Del Taco Sell-Off, in a Shocking Move

Overview

  • Jack in the Box has initiated its 'JACK on Track' plan, which includes closing 150–200 underperforming restaurants, with 80–120 closures planned by the end of 2025.
  • The restructuring aims to simplify operations, improve unit economics, and accelerate the reduction of $300 million in debt over the next two years.
  • The company has engaged BofA Securities to explore strategic alternatives for its Del Taco brand, including a potential sale, to focus on its core business.
  • Jack in the Box has suspended its dividend to prioritize financial health and will continue investing in technology and selective market expansions, including Chicago.
  • CEO Lance Tucker, appointed in March 2025, is leading the asset-light strategy to position the company for long-term financial stability and growth.