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Stock impact report

Major fast food chain sold for $119 million [Yahoo! Finance]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Del Taco, which started in California in 1964 and has more than 550 restaurants, was sold to Jack in the Box in 2022 for approximately $585 million. Jack in the Box says the sale is part of a plan to strengthen the company's balance sheet and accelerate its shift toward a simpler, asset-light business model. “Our sale of Del Taco represents meaningful progress in simplifying our business model and reducing our debt,” said Lance Tucker, Chief Executive Officer of Jack in the Box. “We remain committed to elevating the Jack in the Box brand and improving operational performance to drive sustainable, long-term growth and create value for our shareholders. We appreciate the Yadav team's partnership during this transition and wish the Del Taco brand well in their next chapter.” Yadav Enterprises Inc. operates more than 310 franchise restaurants including Jack in the Box, Denny's, and TGI Friday's. It also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain and Nic Show less Read more
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