San Diego, California – San Diego-based fast-food giant Jack in the Box announced Wednesday it will close up to 200 restaurants nationwide and is considering selling its Del Taco brand as part of a sweeping financial restructuring plan aimed at reversing the company’s recent decline.
The move is part of the chain’s new “JACK on Track” initiative, which outlines efforts to streamline operations, reduce debt, and return to profitable growth. Up to 120 locations are expected to shut down by the end of 2025, with closures targeting underperforming stores.
“In my time thus far as CEO, I have worked quickly with our teams to conclude that Jack in the Box operates at its best… within a simplified and asset-light business model,” CEO Lance Tucker said in a statement. “Our actions today focus on three main areas: accelerating cash flow, closing underperforming restaurants, and simplifying our business for consistent net unit growth.”…