Businesswire·2025-12-22 22:33Core Viewpoint - Jack in the Box Inc. has completed the sale of Del Taco Holdings Inc. to Yadav Enterprises Inc. for approximately $119 million, marking a significant step in the company's strategy to simplify its business model and strengthen its balance sheet [1][2]. Financial Details - The sale was finalized for about $119 million, with Jack in the Box receiving approximately $109 million in cash and a $10 million promissory note accruing interest at an 8% annual rate, guaranteed by Anil Yadav, the CEO of Yadav Enterprises [2]. Strategic Implications - The CEO of Jack in the Box emphasized that the sale of Del Taco is a meaningful advancement in simplifying the business model and reducing debt, while also committing to enhancing the Jack in the Box brand and operational performance for sustainable growth [3]. Company Background - Jack in the Box Inc., headquartered in San Diego, operates approximately 2,135 restaurants across 21 states, making it one of the largest hamburger chains in the U.S. [4]. Yadav Enterprises Overview - Yadav Enterprises operates over 310 franchise restaurants, including brands like Jack in the Box and Del Taco, which is the second largest Mexican-American QSR chain in the U.S. with around 575 locations [5].