Jack in the field announced that he plans to close 150 to 200 restaurants, as it is supposed to increase the financial performance of the fast food company.
The company said on Wednesday that restaurants in the planned “block closing program” were “insufficient” and in many cases for several decades.
“Our actions today focus on three main areas: an appeal to our balance to accelerate cash flow and payment of debt, while maintaining capital investment focused on technology and restaurants; the closure of restaurants and restaurants to place itself for consistent growth of a pure unit and a competitive economy; Box and the investor, “” Jack at Box Lance Tucker said.
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The connector in the restaurant building and the restaurant sign. (Melinda Crawford/Education Images/Universal Images Group via Getty Images/Getty Images)
Approximately 80 to 120 all restaurants he plans to close as part of the program will close his doors to the end of the year, Jack reports in the field.
Rest Low restaurants The cutting unit will stop the operation “on the relevant dates of abolition of the franchise”, – the company said.
“This program does not include expected 1.5% to 2.0% closure of the system unit for 2025, and the constant annual closing rate after that about 1% of system units starting in 2026,” Jack said in the field.
The company suggests a “consistent, positive pure unit growth” after closing 150 to 200 places that do not work.
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| Ticket | Safety | Last | Variation | Change % |
|---|---|---|---|---|
| Buck | Jack in Box Inc. | 23.96 | -1.46 |
-5.72% |
The closure plan is part of the Jack on the track, which Jack opened in the box.
In addition to closing the restaurant, Jack said in the field that the strategy includes other measures designed to help the company see “sustainable growth” in the coming years by improving financial indicators and balance.
Jack in the box According to him, he is considering possible deprivation and other “strategic alternatives” for the Del Taco brand. It has owned a network since 2022.
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Restaurant Del Taco in Ferfield, California. (Justin Sullivan / Getti Image / Getti Image)
Jack in current store count includes Approximately 2200 bidders and 600 Del Taco restaurants.
The company said preliminary sales in one store in the second quarter for Jack in the box made a reduction by 4.4%. Del Taco felt a decrease of 3.6%.
The company is planned to release its latest results in the second quarter in mid -May.
Winnemucca, Nevada – August 5, 2020: Available Jacket at fast food restaurant (Istock / Istock)
For his 2025 financial year, Jack predicted on Wednesday that the company will see operating income per share from $ 5.05 to $ 5.40, not including any effects of its Jack on the Intition track.
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He also predicted his names that has “low to the middle, decreased on sale in one store compared to the previous financial year.
At the end of March, Tucker became Jack at the Permanent CEO. He headed a temporary campaign since former Executive Director Darin Harris left the company outside the restaurant industry in late February.
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2025-04-25 15:29:00
