Jack in the Box Inc. (NASDAQ: JACK) is a quick-service restaurant company that operates and franchises Jack in the Box and Del Taco branded restaurants. Revenue comes from retail sales at company-operated restaurants, rental income, royalties based on a percent of franchisee sales, franchise fees, and contributions for advertising and other services from franchisees. Founded in 1951 and headquartered in San Diego, California, the company operated and franchised 2,136 Jack in the Box restaurants as of September 28, 2025, concentrated in the western and southern United States, with three locations in Mexico and two in Guam. It also operated and franchised 576 Del Taco restaurants across 18 states as of the same date, though on October 15, 2025 the company entered into an agreement to sell Del Taco to Yadav Enterprises, Inc. for $115 million in cash. CEO Lance Tucker and CFO Dawn Hooper lead the company. The company carries significant debt through a securitized financing facility and discontinued its dividend as of FY2025.

Revenue model

Royalties (percent of franchisee sales), franchise fees, advertising contributions from franchisees, retail sales at company-operated restaurants, and rental revenue from franchisees.

Products and services

Jack in the Box quick-service restaurants; Del Taco quick-service restaurants (pending divestiture as of October 2025); franchise development agreements with discounted royalty incentives for multi-unit developers.

Customers and end markets

Quick-service restaurant consumers; independent franchise operators who pay royalties and fees to the company.

Value-chain role

Franchisor and restaurant operator. The company sets brand standards, approves suppliers through its Food Safety and Technical Services Department, provides training programs, and collects royalties and fees from franchisees while also directly operating a subset of restaurants.

Geographic exposure

Primarily western and southern United States. Jack in the Box also present in Mexico (3 locations) and Guam (2 locations) as of September 28, 2025. Del Taco present across 18 states as of September 28, 2025.

Source: SEC 10-K, filed 2025-11-19

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