Jack in the Box to open 261 new US restaurants, expand into Mexico

(Source: Jack in the Box)

Restaurant company Jack in the Box Inc has signed 123 new restaurant commitments for its namesake hamburger chain and another 138 for its Mexican-American QSR chain Del Taco. 

During FY23, the Jack in the Box chain entered four new states including Arkansas, Florida, Montana, and Wyoming. The brand has also signed a 22-unit commitment to expand into Mexico. 

Meanwhile, Del Taco’s new market entries for the year include Texas, Montana, and Wyoming.

“We have developed a strong playbook for how to best open and sustain new market entry, and franchisees interested in partnering with our iconic brands have recognized the potential for whitespace growth and backfilling our current markets,” said Tim Linderman, chief development officer of Jack in the Box Inc.

“We’ve been on an incredible roll since our development program started in 2021, and our 2023 results demonstrated that our momentum has continued.”

For the year ended October 1, the company’s total revenues rose to $1.69 billion from $1.47 billion last year. Same-store sales of Jack in the Box and Del Taco increased 7.3 per cent and 1.7 per cent, respectively.

The company currently operates and franchises about 2200 Jack in the Box restaurants across 22 states, and 600 Del Taco locations across 16 states.

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