Jack in the Box confirms exploring strategic alternatives for Del Taco brand

The company states: “Jack in the Box (JACK) introduced its multi-faceted “JACK on Track” plan, which includes a comprehensive series of actions to improve long-term financial performance across its restaurant system, strengthen its balance sheet and demonstrate its commitment to running an asset-light business model – all of which will position the Company for sustainable growth in the coming years. As part of the plan, the Company has engaged BofA Securities to assist in the process of exploring strategic alternatives for the Del Taco brand, including a possible divestiture of the business.”