February is:
A Good Time To Eat
Jack in the Box to Close 40 Locations
Before the end of the current fiscal year (ending October 3, 2010), Jack in the Box announced plans to close 40 under-performing company-operated restaurants. The restaurants effected are located across 7 states, primarily in the Southeast and Texas. Jack in the Box currently operates out of 18 states with more than 2,200 locations.
The closures come as a result of a comprehensive analysis that revealed unacceptable levels of return on investment from the locations in question, and the hope is these closures will have a positive impact on the company’s future earnings and cash flow. God speed Jack, stay hungry. (Thx Yahoo!)
Publisher // elie@foodbeast.com // Twitter: @eliepoo
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