Core Insights - Jack in the Box is selling Del Taco to Yadav Enterprises for $115 million, a significant decrease from the $575 million acquisition price in 2021 [7] - The sale is part of Jack in the Box's turnaround plan, Jack on Track, aimed at improving its balance sheet and transitioning to an asset-light business model [3][6] - Del Taco has experienced a decline in same-store sales for six consecutive quarters, indicating ongoing challenges in the competitive fast-food market [5] Company Performance - Del Taco's store count has decreased from approximately 600 to about 550 since its acquisition by Jack in the Box [4] - The brand has struggled with value offerings, lagging behind competitors like Taco Bell, which has affected its sales performance [5] - Jack in the Box has also faced sales difficulties, reporting its worst sales performance in years during fiscal Q3 [7] Strategic Moves - The Jack on Track plan includes closing underperforming Jack units and slowing down company-operated development [6] - Jack in the Box is selling real estate to raise cash for debt repayment [6] - The transaction with Yadav Enterprises is expected to close in January, allowing Jack in the Box to focus on its core brand [6][7]