Jack in the Box (JACK) Closes 70 Restaurants as Sales Decline 3.8%

AI Summary

Jack in the Box (JACK) has closed approximately 70 restaurants as part of its 'Jack on Track' turnaround plan introduced in April 2025. Despite these closures, which led to a reported 30% sales benefit for nearby locations, same-store sales decreased by 3.8% for Q2, with franchise restaurants down 3.9% and company-owned locations down 2.8%. The closures aim to reduce location cannibalization, but challenges remain as franchisees assess lease dynamics. More closures are anticipated before the end of 2026, indicating ongoing struggles for the brand.