Business SimplificationThe sale of Del Taco is viewed as a positive step toward simplifying JACK's business.
Debt ReductionThe Jack on Track plan aims to improve system health and help pay down $300M of leverage, reducing net debt/EBITDA from 5.3x to 4.3x.
Financial PerformanceDespite the challenging sales environment, 2Q adjusted EBITDA was guided between $66M to $68M, exceeding the estimate of $60.9M.