Jack in the Box unveils 'JACK on Track' plan with Del Taco review, 150-200 closures, dividend halt

JACK IN THE BOX INC

2025-Q2 EPS reported -$5.70 vs consensus $1.19 ▼ miss (-579.4%)

Engaged BofA Securities to explore strategic alternatives for Del Taco, including possible divestiture.
Plans to close 150-200 underperforming restaurants via block closure program, majority in system over 30 years.
Discontinued dividend effective immediately, directing funds toward debt paydown and share repurchases.
Pre-announced Q2 2025 results: Jack in the Box same-store sales -4.4%, Del Taco -3.6%.
FY2025 guidance: Adjusted EBITDA $282-292M, Operating EPS $5.05-$5.40, excluding future 'JACK on Track' actions.

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