Operations
Jack in the Box selling Del Taco
October 16, 2025
Jack in the Box Inc. announced Thursday it has reached a definitive agreement to sell its Del Taco restaurant chain to franchisee operator Yadav Enterprises Inc. for $115 million in cash, subject to customary adjustments.
The deal, expected to close by January 2026, marks a key step in Jack in the Box's previously announced "Jack on Track" plan to return to an "asset-light" business model focused on its core hamburger brand, according to a press release.
Del Taco Holdings Inc., a wholly owned subsidiary of Jack in the Box, operates and franchises more than 550 Del Taco restaurants.
Jack in the Box plans to use the net cash proceeds to pay down corporate debt.
"This divestiture is an important step in returning to simplicity, and we look forward to focusing on our core Jack in the Box brand," Lance Tucker, CEO of Jack in the Box Inc., said in the release. "After a robust process, we are confident we have entered into a transaction with the right steward for Del Taco in its next chapter of evolution."
Yadav Enterprises is a significant multi-brand franchisee that operates more than 310 restaurants, including Jack in the Box and Denny's locations. The company also owns the Taco Cabana and Nick the Greek fast-casual restaurant chains.
The transaction is subject to typical closing conditions. Jack in the Box, which operates and franchises approximately 2,160 restaurants across 22 states, said it would provide guidance for fiscal year 2026 and an update on its strategic plan during its earnings release on Nov. 19, 2025.
