The fast food chain Jack in the Box just announced a significant closure due to serious economic issues in a statement.

The ring, which was established in 1951, stated that it plans to close around 12 sites by the end of the year in an effort to lower costs and increase profits. However, the complete closure of about 200 restaurants is projected for 2026 due to poor performance. According to CEO Lance Tucker," During my career as CEO, I have worked rapidly with our teams to determine that Jack in the Box operates effectively and maximizes investor return possible within a simplified, low-asset business model. " However, poor functionality is the cause of the unavoidable shutdown. The firm claims that changing customer patterns, which are made worse by high raw materials costs like beef, are having a significant impact on sales. It was revealed in the fourth quarter review that Jack in the Box income had dropped by 7. 4 %, indicating a second consecutive quarter of decline. For the fiscal year ended in September, the fast-food restaurant reported a net loss of$ 80. 7 million.

There are currently around 2,200 restaurants in the United States, the majority of which are in states like California, Texas, and Arizona.

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