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Stock impact report

San Diego-based fast food chain Jack in the Box to close more than 150 locations [Los Angeles Times (CA)]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
The chain offering burgers, chicken sandwiches and curly fries is the latest to shrink its footprint amid inflationary pressures and high labor costs. Popular destinations including Shake Shack , Red Lobster and Rubio's Coastal Grill all closed locations last year amid a reduction in consumer spending driven by inflation. Jack in the Box unveiled its “Jack on Track” plan Wednesday, which aims to accelerate cash flow and pay down its debt, according to a news release The company also said it is also considering divestiture from Del Taco, a Mexican American fast food brand that Jack in the Box acquired in 2022. Between 80 and 120 Jack in the Box restaurants will close by the end of this year, the company said, and additional underperforming locations will shut down in 2026. The company will close as many as 200 storefronts in total, the majority of which have been in operation for more than 30 years. It did not specify where locations would be closing. “Jack in the Box oper Show less Read more
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