Jack in the Box Plans to Divest Del Taco Restaurant Business

Jack in the Box is undergoing a strategic review to potentially sell its Del Taco business while suspending its dividend as part of a restructuring initiative under new CEO Lance Tucker. The company plans to close 150 to 200 underperforming locations and has enlisted BofA Securities to assist in exploring alternatives for Del Taco. Following a significant decline in demand and stiff competition in the fast-food industry, Jack in the Box reported a 4.4% drop in same-store sales for its fiscal second quarter and anticipates further decreases in comparable sales for fiscal 2025. As part of its capital strategy, the company aims to reduce investments in new restaurant developments while enhancing existing locations and investing in digital capabilities.

Jack in the Box Plans to Divest Del Taco Restaurant Business

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