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The activist investor warned the chain that it would increase its stake further, which pushed Jack in the Box’s board to issue a poison pill.

The move comes as Jack in the Box is executing a turnaround effort that includes includes closing 150 to 200 underperforming restaurants, the potential sale of its Del Taco brand, and prioritizing ...

Jack in the Box, which saw same-store sales drop 4.4% in fiscal Q2 2025, is also trying to build up its digital channels. It installed flip kiosks in nearly 1,500 restaurants as of May.