Longtime Fast-Food Chain Closing Hundreds of Locations

Jack in the Box is closing hundreds of locations.

"Jack in the Box will implement a block closure program, which is projected to result in the closure of approximately 150-200 underperforming restaurants — a majority of which have been in the system for over three decades," the company wrote in a press release on April 23, 2025.

"The program will consist of approximately 80-120 restaurant closures between now and 12/31/2025, with the remaining underperforming restaurants closing thereafter based upon respective franchise agreement termination dates," the restaurant chain wrote.

Along with the closures, Jack in the Box "introduced its multi-faceted 'JACK on Track' plan, which includes a comprehensive series of actions to improve long-term financial performance across its restaurant system, strengthen its balance sheet and demonstrate its commitment to running an asset-light business model — all of which will position the Company for sustainable growth in the coming years," the company wrote.

"As part of the plan, the Company has engaged BofA Securities to assist in the process of exploring strategic alternatives for the Del Taco brand, including a possible divestiture of the business," the release continued.

A Jack in the Box restaurant in Los Angeles, California, US, on Monday, April 1, 2024.

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“In my time thus far as CEO, I have worked quickly with our teams to conclude that Jack in the Box operates at its best, and maximizes shareholder return potential, within a simplified and asset-light business model,” said Lance Tucker, who was named Chief Executive Officer at Jack in the Box on March 31. 

“Our actions today focus on three main areas: addressing our balance sheet to accelerate cash flow and pay down debt, while preserving growth-oriented capital investments related to technology and restaurant reimage; closing underperforming restaurants to position ourselves for consistent net unit growth and competitive unit economics; and, an overall return to simplicity for the Jack in the Box business model and investor story.”

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