{"id":21907,"date":"2025-04-29T23:39:29","date_gmt":"2025-04-29T23:39:29","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/jack-in-the-box-is-closing-up-to-200-underperforming-locations\/"},"modified":"2025-04-29T23:39:29","modified_gmt":"2025-04-29T23:39:29","slug":"jack-in-the-box-is-closing-up-to-200-underperforming-locations","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/jack-in-the-box-is-closing-up-to-200-underperforming-locations\/","title":{"rendered":"Jack in the Box is closing up to 200 underperforming locations"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"new-data-shows-american-concern-over-inflation-us-economy--hero\" title=\"Video: New data shows American concern over inflation, U.S. economy\" data-sort-time=\"1743183958000\" data-update-time=\"1743183958000\"><\/iframe><\/p><\/div>\n<p>          <button class=\"player-overlay__button--icon-close__mobile\" data-target=\"\" aria-label=\"Close sticky player\"><br \/>\n        <svg class=\"player-overlay__button--icon\">\n          <use xlink:href=\"#player-icon-close\"\/>\n        <\/svg><br \/>\n      <\/button><\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\">\n                              <a href=\"https:\/\/www.cbsnews.com\/video\/new-data-shows-american-concern-over-inflation-us-economy\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\">\n              <use xlink:href=\"#icon-video\"\/>\n            <\/svg><br \/>\n          <\/span><\/p>\n<p>          <span class=\"embed__headline\">New data shows American concern over inflation, U.S. economy<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">04:20<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<section class=\"content__body\">\n<p>American fast-food chain Jack in the Box says it will close up to 200 &#8220;underperforming&#8221; restaurants to strengthen its balance sheet as customers <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/retail-sales-rose-below-forecasts-in-february\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">pare back<\/a><\/span> their spending.\u00a0<\/p>\n<p>The San Diego-based company is also pursuing the sale of its struggling Del Taco restaurant brand, the company said during a <a href=\"https:\/\/investors.jackinthebox.com\/news\/news-details\/2025\/Jack-in-the-Box-Inc--Unveils-JACK-on-Track-Plan-to-Improve-Long-Term-Financial-Performance\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">&#8220;business update&#8221;<\/a> and conference call with investors Wednesday.\u00a0<\/p>\n<p>Jack in the Box says it will shutter 150-200 of its least profitable locations, most of which have existed for over 30 years. Between 80-120 restaurants will close before the year&#8217;s end, while the remainder of the 200 will wind down operations based on franchise agreements, the company said. The plan will take place under a &#8220;block closure program&#8221; that is distinct from other planned restaurant closures, of up to 2% of existing stores.\u00a0<\/p>\n<p>Beginning in 2026, Jack in the Box expects to maintain a store closure rate of about 1%.\u00a0<\/p>\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium\"><figcaption class=\"embed__caption-container\">\n                              <a href=\"https:\/\/www.cbsnews.com\/video\/some-small-business-owners-worried-tariffs-could-force-them-to-close\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\">\n              <use xlink:href=\"#icon-video\"\/>\n            <\/svg><br \/>\n          <\/span><\/p>\n<p>          <span class=\"embed__headline\">Some small business owners worried tariffs could force them to close<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">02:55<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>The company did not release a list of stores it plans to shutter in 2025, but said more details will be available in August.\u00a0<\/p>\n<p>The closures are aimed at strengthening the company&#8217;s balance sheet and reducing its debt. &#8220;Jack in the Box has gotten away from some of the core characteristics that have made it a successful driver of shareholder value in the past and it&#8217;s time we return to those basics,&#8221; CEO Lance Tucker said on the <a href=\"https:\/\/events.q4inc.com\/attendee\/547395961\" target=\"_blank\" rel=\"nofollow noopener\">call.<\/a>\u00a0<\/p>\n<p>Jack in the Box pre-announced second-quarter earnings, showing that sales at its restaurants dipped 4.4%, and sales at Del Taco dropped 3.6%.<\/p>\n<p>The company&#8217;s stock price has suffered too, plunging 57% over the past year, reflecting its woes.\u00a0<\/p>\n<p>The chain is not alone in struggling to get customers through its doors. Fast-food giant McDonald&#8217;s CEO Chris Kempczinski last year acknowledged that the company&#8217;s &#8220;value leadership gap has shrunk,&#8221; which prompted the restaurant chain to introduce\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/mcdonalds-mcvalue-menu\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">new promotions<\/a><\/span>\u00a0to try to win back customers.\u00a0<\/p>\n<p><span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/consumer-sentiment-report-plunge-april-michigan-trump-tariffs\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Consumer sentiment plunged<\/a><\/span>\u00a0in April for the fourth straight month, with Americans expressing concern over economic uncertainty and fears that <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariff-surcharge-prices\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">tariffs could drive up prices<\/a><\/span> and further strain their budgets.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/megan-cerullo\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Megan  Cerullo<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24\/7 to discuss her reporting.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/jack-in-the-box-closing-200-restaurants\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New data on inflation, U.S. economy New data shows American concern over inflation, U.S. economy 04:20 American fast-food chain 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