Jack in the box plans to close between 150 and 200 sub-performative restaurants.
The chain based in San Diego, which currently operates and franchises more than 2,000 restaurants, says that it plans to close 80 to 120 locations by the end of the year, reports USA Today. The remaining restaurants that should close will be determined by agreements between the company and its franchisees.
The closures aim to “attack our assessment to speed up cash flows and repay the debt,” said Jack in the CEO of the box, launches Tucker in a statement, “reports CNN.
The restaurant chain hopes to reimburse $ 300 million in debts over the next two years.
Jack in the Box also plans to sell the Del Taco brand which he acquired three years ago. Jack in the Box acquired Del Taco for around $ 585 million in March 2022. He opened his first location in Alabama in Huntsville earlier this year.
At the time, Jack in the box acquired the brand for its “similar guest profiles, menu offers and corporate cultures”. The Del Taco menu focuses on tacos, burritos, fries and burgers.
Robin Rouge planning to close restaurants
In March, Red Robin Gourmet Burgers announced that it was planning to close dozens of restaurants.
During a call for results this month, the CEO of the company, GJ Hart, said that the chain of burgers estimated around 70 underperforming sites, according to the Nations Restaurant News.
