"Chain restaurants have been having a tough few years, but even by the low standards of the industry, Jack in the Box has had a brutal run that seems unlikely to turn into a comeback in 2026. This year alone Wendy's has closed hundreds of locations, as has Denny's, with others also joining the cutback in smaller numbers. Jack in the Box has been doing the same, but its cratering has no end in sight."
"Over the last year and a half, the chain's same-store sales have nosedived, falling every quarter since the spring of 2024, with one brief plateau to start this year. That performance has led to a similar collapse of Jack in the Box's value, as its stock price, which was trading near $100 only two years ago, has fallen 80% to around $20."
Jack in the Box has experienced continuous same-store sales declines every quarter since spring 2024, with only a brief plateau earlier this year. The company's stock fell roughly 80%, from near $100 two years ago to about $20. Management announced a plan called 'JACK on Track', closed or plans to close 200+ underperforming stores, and sold Del Taco at a steep loss after acquiring it for $575 million four years earlier and selling for $115 million in 2025. The company carries about $1.5 billion in debt, constraining investment in stores and menu overhauls needed to regain customers.
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