Jack in the Box

Financing

Jack in the Box is closing restaurants and may sell Del Taco

The fast-food restaurant company has hired an advisor to explore strategic alternatives with its Mexican brand just three years after buying the chain. It also plans to close 150 to 200 locations.

Financing

Two big Washington state franchisees sue Jack in the Box over termination

The franchise companies, both owned by Steve Wazny, accuse the fast-food chain of wrongfully terminating 39 restaurants in the state after the operator closed eight other underperforming locations.

Behind the Menu: The fast-food chain sets its shakes apart with unique flavors and product partnerships that excite customers and build incremental transactions.

The fast-food chain operator named its former CFO to the top job weeks after he was named interim chief executive following the departure of Darin Harris.

The fast-food burger chain reported better-than-expected sales results last quarter, but its Mexican sister concept could not say the same thing.

Harris is leaving to take a position “outside of the restaurant industry.” CFO Lance Tucker was named interim principal executive officer.

The attorney has taken restaurants and suppliers to court for 30 years as a prod for them to do a better job of protecting the public. He makes no apologies about being their conscience.

California’s $20 fast-food wage is costing company restaurants $15 million, and franchisees a lot more. That’s putting a damper on some recent sales improvement.

A Deeper Dive: Ryan Ostrom, chief marketing officer for Jack in the Box, joins the Restaurant Business podcast to talk marketing a brand when customers are cutting back.

Profitability for the burger chain and its sister concept, Del Taco, declined in the quarter, thanks to the state’s fast-food wage. But California was one of the company’s best sales markets.

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