An old -fashioned Taco bell with Kantina -style architecture in South Scottsdale, Ariz is closed. Brian Web Fox 10 Phoenix has more.
Jack in the box announced that it plans to close its 150 to 200 restaurants as it appears to be strengthening the fast food company.
The company announced on Wednesday that the “Block Closing” restaurants were programs that were “sedentary” and in many cases decades old.
“Our actions are focused on three main areas today: paying our balance sheet to accelerate cash and debt, while maintaining a technology -related capitalist investment and restaurant repayment; closing the low -key restaurants to put ourselves for the continuous growth of net units and competitive economics, and the overall return of Jack.
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A jack in the box of boxes and signatures. .
According to Jack in the box, approximately 80 to 120 of the whole restaurants planning to launch the program will close their doors for good.
The rest Pressure Restaurants In the crushing block, the operation will stop the operation “after the termination of the agreement.”
“This program includes 1.5 % to 2.0 % expectation of system unit closure for FY 2025 and the annual closure rate is about 1 % of the system units in 2026,” Jack said.
The company predicts “positive and positive positive and positive unit growth” after closing 150 to 200 low -performance locations.
44 % of the restaurant owners in Washington DC, fear that they may be closed in 2025
| Tick | Security | The last | Change | Changing % |
|---|---|---|---|---|
| Jack | Jack in the Inc box. | 23.96 | -1.46 |
-5.72 % |
The block closure program is part of the “Jack on the Route” initiative that Jack unveiled in the box.
In addition to the closure of restaurants, Jack in the box said the strategy included other measures to help participate in the coming years with progress in its financial performance and balance sheet.
Jack in the box According to its announcement, it also seeks possible transfer and other “strategic options” for the Del Taco brand. Since 2022 it belongs to this chain.
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A Dell Taco Restaurant in Farfield, California. (Justin Sullivan / Pictures of Gitti / Getlage Pictures)
Jack in the current box store includes Approximately 2,200 Name Restaurant And 600 restaurants of Dell Tako.
The company announced that the initial sales of the same stores in the second trimester for Jack in the box decreased by 4.4 %. Del Taco experienced a 3.6 % decline.
The company is set to release its second quarter's financial results in mid -May.
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For its 2025 fiscal year, Jack predicted in the box Wednesday that the company would see operating profits per share of $ 5.05 to $ 5.40, which included any Jack's impact on the initiative.
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Also, compared to the previous fiscal year, the business has predicted its name by reducing the “low -to -middle figure” in the sales of the same store.
Tucker was boxed in the permanent CEO in late March. He left the company in late February to work outside the restaurant industry since the former chief executive, Darin Harris, temporarily led the company.