Jack in the Box plans to close between 150 and 200 underperforming restaurants as part of its efforts to address its balance sheet and accelerate cash flow. The San Diego-based chain operates more than 2,000 restaurants worldwide and aims to pay off $300 million in debt over the next two years.
According to CEO Lance Tucker, the closures will help the company “address our balance sheet” and focus on paying down debt. The decision was made after agreements with franchisees determined which locations would be closed. No specific dates for the closures have been announced.
Additionally, Jack in the Box is considering selling its Del Taco brand, acquired three years ago for approximately $585 million. This move could help the company generate additional revenue and reduce costs.
Source: https://www.al.com/business/2025/04/popular-fast-food-chain-closing-up-to-200-restaurants.html