Archive: https://archive.today/p7ZBt
From the post:
>America's sixth-largest burger chain is closing stores as soaring beef costs and customers frustrated with its prices take their toll.
Jack In The Box, the 74-year-old hamburger joint with 2,168 restaurants mostly in California, Arizona and Texas, previously warned investors it would shutter between 80 and 120 restaurants by the end of the year as it tried to stop some serious financial bleeding.
In April, CEO Lance Tucker rolled out the company's so-called 'Jack on Track' turnaround plan, which called for closing 150 to 200 underperforming stores between April 2025 and mid-2026.
According to its recent earnings calls, the company has a ways to go before hitting those goals.
Archive: https://archive.today/p7ZBt
From the post:
>>America's sixth-largest burger chain is closing stores as soaring beef costs and customers frustrated with its prices take their toll.
Jack In The Box, the 74-year-old hamburger joint with 2,168 restaurants mostly in California, Arizona and Texas, previously warned investors it would shutter between 80 and 120 restaurants by the end of the year as it tried to stop some serious financial bleeding.
In April, CEO Lance Tucker rolled out the company's so-called 'Jack on Track' turnaround plan, which called for closing 150 to 200 underperforming stores between April 2025 and mid-2026.
According to its recent earnings calls, the company has a ways to go before hitting those goals.
(post is archived)