Jack in the Box has closed 40 stores so far this year: List of doomed locations is expected to keep growing
Jack in the Box is continuing to close stores this year as it reports another quarter of declining same-store sales. Alongside the release of its third-quarter earnings report this week, the fast food burger chain shared that it has shuttered 40 restaurants so far in 2026, with another 10 to 20 set to close during its final quarter. Is Jack still on track? The update on restaurant closures comes…
Jack in the Box continues to close restaurants this year amid declining same-store sales. The fast food chain announced that it has closed 40 stores so far in 2026, with an additional 10 to 20 expected to shut down during the final quarter. This follows the company's 2026 financial plan to close 150 to 200 underperforming restaurants.
However, Jack in the Box CFO Dawn Hooper revealed that the rate of closures has been slower than anticipated, primarily due to lease obligations. She mentioned that the company is collaborating with a third-party firm to help exit leases. Hooper stated that they expect the closure rate to accelerate and plans to continue shutting down locations into 2027 and potentially 2028.
Despite the closures, Jack in the Box exceeded earnings predictions, reporting earnings per share of 96 cents, surpassing the estimated EPS of 88 cents. Same-store sales declined by 1.1%, a significant improvement from the previous year's 7.1% decline. The company currently anticipates having around 2,100 stores at the end of fiscal 2026.
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