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.