Jack in the Box Suspends Dividend, Considers Sale of Del Taco

Dow Jones

04-24

By Josh Beckerman

Jack in the Box suspended its dividend, plans to close 150 to 200 underperforming restaurants and will consider a divestiture of Del Taco.

The company said Wednesday it will accelerate cash flow by selling a select number of real estate holdings.

Jack in the Box last paid a quarterly dividend of 44 cents a share.

The company reported preliminary second-quarter same-store sales declines of 4.4% for Jack in the Box and 3.6% for Del Taco.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

April 23, 2025 16:54 ET (20:54 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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