Progress on Jack on Track Plan
Announced the pending divestiture of Del Taco, allowing focus on Jack in the Box brand. Progress made on closure program and real estate transactions.
Improved Sales Trends in Q4
Sales trends improved roughly 300 basis points throughout the course of the fourth quarter due to promotional strategies.
New Market Openings in Chicago
Opened eight restaurants in Chicago with excitement from customers, annual unit volumes expected to exceed $2,000,000.
Debt Reduction Plans
Plan to pay down $263,000,000 in debt through Del Taco divestiture proceeds, real estate sales, and potentially borrowings.