News
Jack in the Box to sell convenience stores
October 16, 2008
SAN DIEGO — Jack in the Box Inc.'s board of directors has approved plans to sell the company's Quick Stuff convenience stores, the company announced. There are currently 61 Quick Stuff locations, each built adjacent to a full-size Jack in the Box restaurant and including a major-brand fuel station. The company does not intend to sell the Jack in the Box restaurants adjoining these stores.
Linda Lang, Jack in the Box chairman and chief executive officer, said, "The board and management of Jack in the Box agreed that by selling Quick Stuff, we can focus on maximizing the potential of our Jack in the Box and Qdoba brands."
The company said the sale of Quick Stuff is not expected to have a material impact on ongoing earnings. There can be no assurance that a transaction will be consummated at a value acceptable to the company.
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