Latest news with #JACKonTrack
Yahoo
4 days ago
- Business
- Yahoo
Jack in the Box serial interim finance leader takes CFO brass ring
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Jack in the Box has appointed Dawn Hooper, a 25-year company veteran and serial interim principal financial officer, as its CFO on a permanent basis, the fast food restaurant chain announced in a press release Wednesday. Hooper, 54, is taking the financial reins after stepping up in recent years to serve multiple interim stints during CFO leadership transition periods, according to a securities filing. She acted as interim principal financial officer from August 2020 to January 2021, as interim CFO from February 2023 to August 2023 and most recently served as interim principal financial officer since October. The San Diego, California-based company's C-suite has been shaken up in recent months. Lance Tucker, who the company tapped late last year to serve a second stint as CFO, abruptly shifted in February to take on the role of interim principal executive officer after CEO Darin Harris resigned to take the CEO post at the franchise system manager Goddard Systems. In March, Tucker was named permanent CEO. The leadership changes come as the company is pursuing an 'asset-light' business model, announcing last month that it would close 150-200 underperforming restaurants. Like many quick service restaurants, Jack in the Box has been working to prevent a disastrous drop in same-store sales, reviving its suit-wearing clown mascot for a series of media appearances and pushing value messaging with its Munchies Under $4 menu, CFO Dive sister publication Restaurant Dive reported. Hooper has more than 30 years of experience in accounting and finance. Before joining Jack in the Box, she started her career at KPMG, where she worked from 1993 to 2000. In addition to her interim roles, she has most recently served as senior vice president, controller at the restaurant chain since December 2022. Hooper's compensation, in connection with her appointment as CFO effective May 26, will be $620,000, according to the Securities and Exchange Commission filing. Her target incentive potential under the company's annual performance incentive Plan will be 75% of base salary, the company said in the filing, and her annual long term incentive award LTI value will be $750,000. Hooper's Jack in the Box bonafides were cited by Tucker in a statement included in the release on her appointment this week. 'I've had the privilege of working with [Hooper] throughout my tenure at the company, including during my time as CFO from 2018 to 2020, when her guidance and partnership were invaluable,' Tucker said in the statement. 'She has been instrumental in supporting the company through periods of transformation, and the board and I have full confidence in her ability to lead our finance organization as we execute on our JACK on Track plan and beyond.' The company did not respond to a request for comment. Recommended Reading Interim CFOs top list of most wanted talent
Yahoo
6 days ago
- Business
- Yahoo
Longtime fast-food chain closes all Kansas City area locations
A few months after closing multiple KC area locations, Jack in the Box appears to have exited the area completely. Its last remaining stores — 9101 Johnson Drive in Mission, 10137 Metcalf Ave. in Overland Park and 10630 Parallel Parkway in Kansas City, Kansas — have all closed. The company's website still lists a location as 'coming soon' at 740 NW Shoal Creek Parkway. Jack in the Box did not respond to The Star's request for comment Tuesday to say whether or not that location would open. Signs on the doors and windows of the Mission restaurant read: 'Thank you, Kansas City, for your support over the years. We've truly appreciated being part of the community.' The California-based chain has experienced financial hardship in the past few months. In April, after the KC area locations closed, the company announced that it would close 150-200 under-performing stores in an effort to save the brand. The company called the initiative the 'JACK on Track' plan, saying it seeks to run an 'asset-light business model.' In the company statement, Jack in the Box said it was 'exploring strategic alternatives' for Del Taco, a fast-food brand it acquired in 2022. Del Taco has shuttered more than a dozen locations across Colorado. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 days ago
- Business
- Business Wire
Jack in the Box Inc. Announces Dawn Hooper as Its Chief Financial Officer
SAN DIEGO--(BUSINESS WIRE)-- Jack in the Box Inc. (NASDAQ: JACK) and its Board of Directors announced Dawn Hooper as the chief financial officer for Jack in the Box, effective immediately. Hooper, a Jack in the Box veteran of 25 years, previously served as interim principal financial officer for Jack in the Box from August 2020 to January 2021, from February 2023 to August 2023, and from October 2024 to present, and most recently held the role of senior vice president, controller since December 2022. She has been with the Company since October 2000 and throughout her tenure, has held key leadership roles within Jack in the Box's finance organization, including assistant controller, vice president of financial reporting and senior manager of corporate accounting. 'Dawn brings deep financial expertise, institutional knowledge, and proven leadership to the CFO role,' said Lance Tucker, Jack in the Box Chief Executive Officer. 'I've had the privilege of working with her throughout my tenure at the Company, including during my time as CFO from 2018 to 2020, when her guidance and partnership were invaluable. She has been instrumental in supporting the company through periods of transformation, and the Board and I have full confidence in her ability to lead our finance organization as we execute on our JACK on Track plan and beyond.' 'Having been part of this company's evolution over the past 25 years, I am honored to step into this role as CFO at such a pivotal time for Jack in the Box and continue contributing to a Company I care deeply about,' said Hooper. 'With strong fundamentals already in place, my focus will be on improving long-term financial performance, streamlining our business model, and positioning the company for sustainable growth in the years ahead.' Prior to joining the Company, she began her career with KPMG LLP where she worked from September 1993 to September 2000. She has more than 30 years of experience in accounting and finance. Hooper received her bachelor's degree in accounting from University of San Diego from the Knauss School of Business. About Jack in the Box Inc. Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box ®, one of the nation's largest hamburger chains with approximately 2,180 restaurants across 22 states, and Del Taco ®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 590 restaurants across 17 states. For more information on both brands, including franchising opportunities, visit and
Yahoo
7 days ago
- Business
- Yahoo
Jack in the Box closes all locations in the Kansas City area
KANSAS CITY, Mo. — All Jack in the Box locations have closed across the Kansas City area. According to the , the only location listed for the Kansas City area is for a future location at 740 NW Shoal Creek Parkway, expected to open in August. Missouri beekeepers to address colony losses at conference The company as part of an aggressive financial plan called 'JACK on Track.' The company's CEO said that the fast-food chain, which is known for its Jumbo Jack and sarcastic mascot, is focused on accelerating cash flow and paying down debt. Jack in the Box, Inc, also owns Del Taco, another fast-food chain headquartered in California. Jack in the Box's plans to streamline finances could impact the future of the taco chain, which operates some 600 locations. Download WDAF+ for Roku, Fire TV, Apple TV In its news release, Jack in the Box said the company is exploring 'a possible divestiture' of Del Taco, which is currently the second-largest Mexican-American quick-service chain. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Sign in to access your portfolio
Yahoo
26-04-2025
- Business
- Yahoo
Jack in the Box to close at least 150 locations and consider sale of Del Taco as restaurant apocalypse continues
Jack in the Box announced Wednesday that it will close between 150 and 200 underperforming restaurants as part of a broad restructuring effort, with approximately 80 to 120 restaurants shuttering by December 31, 2025. The remainder will close over time, based on the termination dates of their respective franchise agreements. The Dow Jones Industrial Average set a startling record that shows just how flawed it truly is Venus, Saturn planet parade will make a rare smiley face with the crescent moon: Best time to see April 2025 triple conjunction Can these tiny house villages bring new life to small towns? Fast Company reached out to Jack in the Box for a list of locations it will be closing, but did not hear back by time of publishing. The initiative is part of the company's 'JACK on Track' strategy—a comprehensive plan aimed at improving long-term financial performance across its restaurant system, strengthening its balance sheet, and reaffirming its commitment to an asset-light business model, all in pursuit of sustainable growth, according to a company press release. As part of the strategy, Jack in the Box has also retained BofA Securities to explore strategic alternatives for the Del Taco brand, including the potential sale of the business. 'Our actions today focus on three main areas: addressing our balance sheet to accelerate cash flow and pay down debt, while preserving growth-oriented capital investments related to technology and restaurant reimage; closing underperforming restaurants to position ourselves for consistent net unit growth and competitive unit economics; and, an overall return to simplicity for the Jack in the Box business model and investor story,' said Lance Tucker, chief executive officer at Jack in the Box. The company also released select preliminary results in the press release for the second quarter of fiscal year 2025, which ended April 13. Same-store sales declined 4.4% for the Jack in the Box brand, while Del Taco saw a 3.6% decrease. Jack in the Box said in the press release that it will no longer provide financial guidance for Del Taco as it explores a sale. One of the largest hamburger chains in the U.S., Jack in the Box operates approximately 2,200 restaurants across 22 states, with a strong presence on the West Coast. Del Taco has approximately 600 restaurants across 17 states. Shares were down around 13% on Thursday morning. Over the past year, the stock has lost more than half its value. This post originally appeared at to get the Fast Company newsletter: Sign in to access your portfolio
