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Stock impact report

Jack in the Box is closing up to 200 underperforming locations [CBS News]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: CBS News
The San Diego-based company is also pursuing the sale of its struggling Del Taco restaurant brand, the company said during a "business update" and conference call with investors Wednesday. Jack in the Box says it will shutter 150-200 of its least profitable locations, most of which have existed for over 30 years. Between 80-120 restaurants will close before the year's end, while the remainder of the 200 will wind down operations based on franchise agreements, the company said. The plan will take place under a "block closure program" that is distinct from other planned restaurant closures, of up to 2% of existing stores. Beginning in 2026, Jack in the Box expects to maintain a store closure rate of about 1%. The company did not release a list of stores it plans to shutter in 2025, but said more details will be available in August. The closures are aimed at strengthening the company's balance sheet and reducing its debt. "Jack in the Box has gotten away from some of the core ch Show less Read more
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