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Jack in the Box to Close 150 to 200 Locations as Part of Cost-Cutting Effort
Jack in the Box, the San Diego-based fast-food chain, will close 150 to 200 of its roughly 2,200 storefronts as part of its newly announced “Jack on Track” cost-cutting strategy intended to expedite cash flow and pay down its debt. The company’s long-term liabilities totaled nearly $3.2 billion as of the first quarter of this year.
The company plans to close between 80 and 120 restaurants by the end of 2025, with the remainder of the underperforming ...
The fast-food chain isn't alone in struggling to get customers through its doors, requiring an overhaul of its strategy.
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