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Popular fast food chain closing 10% of stores
The Street
Follow
4/27/2025
The chain is also exploring a sale of it Del Taco brand.
Category
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Sports
Transcript
Display full video transcript
00:00
Fast food chain Jack in the Box has announced it will be closing roughly 10% of its locations,
00:05
as well as exploring a sale of its Del Taco brand. The chain said it will be shuttering
00:09
between 150 and 200 of its underperforming restaurants, with up to 120 of those closures
00:14
taking effect by the end of 2025. The chain currently has about 2,200 restaurants in the
00:20
U.S. Of the closures, Jack in the Box CEO Lance Tucker said they're aimed at addressing our
00:25
balance sheet to accelerate cash flow and pay down debt. He said the company hopes to pay off $300
00:30
million in debt over the next two years. Jack in the Box is far from the only struggling fast food
00:36
chain. Both McDonald's and Chipotle admitted to a sluggish start to the year. However, Jack in the
00:41
Box is the only one to announce store closures. Shares of the company are down nearly 60% over the
00:47
last 12 months. That'll do it for your daily briefing. From New York City, I'm Kelsey Barberio
00:51
with The Street.
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