San Diego, February 6, 2026
Jack in the Box Inc. is advancing its financial performance through the ‘JACK on Track’ strategic plan, focusing on restaurant closures, technology investments, and debt reduction. The plan includes the completion of 51 closures, aiming for operational consistency and customer experience enhancement with the newly introduced ‘Jack’s Way’ initiative. With projected restaurant counts and financial outlooks for fiscal year 2026, the company seeks long-term profitability and resilience in the fast-food sector.
Jack in the Box Reinforces Growth Strategy with “JACK on Track” Plan
Company’s Focus on Streamlining Operations and Enhancing Value for Shareholders
San Diego, CA – Jack in the Box Inc. (NASDAQ: JACK) is making headlines with its steadfast commitment to the “JACK on Track” strategic plan, which aims to boost financial performance and maximize shareholder value. Following changes in the competitive landscape, the company is focusing on key initiatives that include significant restaurant closures, capital investments in technology, and a determined approach to debt reduction.
Key Developments in the “JACK on Track” Plan
- Restaurant Closures: As part of the “JACK on Track” plan, Jack in the Box has completed 51 closures through the fourth quarter of fiscal year 2025, with additional closures anticipated in fiscal year 2026. These closures not only improve the overall portfolio health for franchisees but have also shown early signs of transferring sales benefits to nearby locations.
- Strategic Capital Investments: The company is prioritizing investments that are designed to drive growth, particularly those related to technology and restaurant reimaging. They will reduce company-owned unit openings from 12 in fiscal year 2025 to just 2 in fiscal year 2026, with capital expenditures (CapEx) projected between $45 to $55 million, significantly lower than the previous year’s $88 million.
- Debt Reduction: Jack in the Box is actively focusing on strengthening its financial position by using proceeds from real estate sales to pay down debt. After selling Del Taco, the company expects to reduce its overall debt by an additional $200 million, aiming for a Net Debt/EBITDA ratio of 4-5x.
Introduction of “Jack’s Way” Initiative
Alongside the “JACK on Track” strategy, Jack in the Box has rolled out the “Jack’s Way” initiative designed to elevate customer experience. This program places an emphasis on:
- Operational Consistency: Enhancing training and operational consistency with effective leadership from Chief Operating Officer Shannon McKinney.
- Menu Innovation: Introducing new, innovative offerings guided by the newly appointed Executive Chef.
- Modernization and Technology: Modernizing selected locations and investing in advanced technologies to enhance operational efficiency and customer appeal.
The goal of these collective efforts is to simplify the Jack in the Box brand, attract customers with an improved array of offerings, and implement disciplined financial practices to ensure long-term profitability.
Board’s Role in Executing the “JACK on Track” Plan
Jack in the Box benefits from a highly experienced Board capable of navigating the complexities within the food service and hospitality industries. Their oversight ensures a robust execution of the “JACK on Track” plan. Notably, Mr. Goebel, the former CEO of Applebee’s and a successful franchise creator, provides essential insights into strategic development and operational performance.
Financial Guidance for Fiscal Year 2026
As Jack in the Box looks towards fiscal year 2026, it has unveiled key projections including:
- Restaurant Count: An expected overall count of 2,050 to 2,100 restaurants, which includes approximately 20 new openings and 50 to 100 closures, primarily affecting franchise locations.
- Same-Store Sales: Estimated same-store sales showing a potential decline of 1% to an increase of 1% in comparison to fiscal year 2025, with positive progress expected throughout the fiscal year.
- Adjusted EBITDA: A projected adjusted EBITDA of $225 to $240 million for the year.
- Capital Expenditures: Guidance on capital expenditures remains set between $45 to $55 million, focusing on essential technology-driven investments.
These projections highlight the company’s commitment to a strategy focused on solidifying its position for sustainable growth moving forward.
Conclusion
Jack in the Box Inc. is actively moving forward with its “JACK on Track” plan, underscoring strategic restaurant closures, smart capital investments, effective debt management, and operational improvements. Their persistent dedication to maximizing shareholder value aims to enable long-term success and resilience in the dynamic landscape of the fast-food industry.
Frequently Asked Questions (FAQ)
What is the “JACK on Track” plan?
The “JACK on Track” plan is Jack in the Box Inc.’s strategic initiative aimed at improving long-term financial performance, strengthening the balance sheet, and transitioning to an asset-light business model. It includes actions such as closing underperforming restaurants, strategic capital investments, and debt reduction efforts.
How many restaurants has Jack in the Box closed under the “JACK on Track” plan?
As of the fourth quarter of fiscal year 2025, Jack in the Box has completed 51 restaurant closures, with additional closures expected in fiscal year 2026. The company plans to close a total of 150 to 200 underperforming restaurants as part of this initiative.
What is the “Jack’s Way” initiative?
The “Jack’s Way” initiative is a program launched by Jack in the Box to enhance the guest experience. It focuses on operational consistency, menu innovation, and modernization through technology and digital capabilities to attract guests and drive sustained profitability.
What are the financial projections for fiscal year 2026?
Jack in the Box projects a restaurant count of 2,050 to 2,100, same-store sales ranging from a 1% decline to a 1% increase compared to fiscal year 2025, adjusted EBITDA of $225 to $240 million, and capital expenditures of $45 to $55 million, prioritizing investments in technology.
Who is Mr. Goebel, and what is his role in the company?
Mr. Goebel is a member of Jack in the Box’s Board of Directors, bringing extensive experience as the former CEO of Applebee’s and founder of multiple franchise concepts. His expertise provides valuable insights into the company’s operations and strategic direction.
Key Features of the “JACK on Track” Plan
| Feature | Description |
|---|---|
| Restaurant Closures | Closure of 150 to 200 underperforming restaurants to improve system health and encourage franchisee reinvestment. |
| Strategic Capital Investments | Prioritization of investments in technology and restaurant reimaging, with reduced spending on company-owned unit growth. |
| Debt Reduction | Application of proceeds from targeted real estate sales and the sale of Del Taco toward debt reduction, aiming for a Net Debt/EBITDA ratio of 4-5x. |
| “Jack’s Way” Initiative | Enhancement of guest experience through operational consistency, menu innovation, and modernization via technology and digital capabilities. |
| Board Leadership | Guidance from an experienced Board, including Mr. Goebel, to ensure effective execution of the “JACK on Track” plan. |
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