Fast food chain closing up to 200 locations to pay off $300,000,000 debt

Jack in the Box plans to close 10% of its U.S. locations, approximately 200 restaurants, due to underperformance, with 80 to 120 closures expected by the end of 2025. This move is part of the company’s strategy to address $300 million in debt, emphasizing a return to core business practices. Additionally, Jack in the Box is considering selling its Del Taco brand, which it acquired three years ago, as part of its “Jack on Track” initiative aimed at improving long-term financial performance.

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