DivestmentMay 13, 2026, 04:18 PM
Jack in the Box Completes Del Taco Sale, Repays $105M Debt
AI Summary
Jack in the Box Inc. completed the sale of Del Taco Holdings Inc. on December 22, 2025, for $115.0 million in cash. Proceeds from the sale were used to prepay $105.0 million of its Series 2019-1 Class A-2-II Notes, aligning with its debt reduction strategy. While net earnings swung to a positive $10.2 million for the quarter and $7.8 million year-to-date, earnings from continuing operations declined significantly compared to the prior year.
Key Highlights
- Completed Del Taco sale on December 22, 2025, for $115.0 million cash.
- Prepaid $105.0 million of Series 2019-1 Class A-2-II Notes.
- Q2 Net Earnings $10.2 million, up from $(142.2) million loss YoY.
- YTD Net Earnings $7.8 million, up from $(108.5) million loss YoY.
- Q2 Earnings from continuing operations fell to $12.5 million from $20.7 million.
- YTD Earnings from continuing operations fell to $26.9 million from $51.7 million.
- Total long-term debt decreased to $1.56 billion from $1.67 billion.
- Cash and restricted cash at period end was $69.4 million.