Jack in the Box operates and franchises quick-service restaurants under the Jack in the Box brand, one of the largest hamburger chains in the U.S., with 2,136 locations concentrated in the western and southern United States. The brand is known for a broad, all-day menu — burgers, tacos, egg rolls, curly fries, breakfast items, and shakes — available 24 hours a day, which Jack in the Box argues differentiates it from competitors in the QSR hamburger category. The business is overwhelmingly franchise-driven, with roughly 93% of locations franchised. Jack in the Box generates revenue primarily through franchise royalties (typically 5% of gross sales), marketing fees, and rent income from franchised locations where Jack in the Box owns the underlying real estate. A small base of company-owned restaurants contributes direct restaurant revenue. Jack in the Box also owns Del Taco, a Mexican-American QSR chain with 576 locations, though Jack in the Box agreed in October 2025 to sell Del Taco for $115M as part of its "Jack on Track" restructuring plan, which also includes closing 80-120 underperforming locations, suspending dividends and buybacks, and targeting roughly $263M of debt paydown in FY26. The company carries approximately $1.7B in total debt, making deleveraging the dominant near-term priority. Longer-term, Jack in the Box is focused on operational consistency, menu quality, restaurant reimaging, and digital growth, with digital mix reaching roughly 18.5% of system sales in FY25.