(KTLA) – Jack in the Box announced plans to close 150-200 bad stores on Tuesday as part of an aggressive financial plan called “Jack on Track.”
Company CEO I said The fast food chain, known for its jumbo jack and sarcastic mascots, is focused on accelerated cash flow and repaying debts.
Jack in the Box operates around 2,200 stores, mainly in 22 states on the West Coast, including many locations in Southern California.
Jack in the Box, Inc. also owns Del Taco, another fast food chain based in California. The company’s plans to streamline its finances could also affect the future of the Taco chain, which operates around 600 locations.
In a press release, Jack in the Box said the company is currently exploring a “possible sale” of Deltaco, the second largest Mexican-American quick service chain.
Many of the Jack in the Box closures are expected by the end of the year, with underperforming locations being closed when franchise agreements end.
Jack in the Box has yet to specify which restaurants will close.
