Is this a sign of the times? Apparently so. Jack in the Box is the latest franchise to announce a big streamlining of its locations, announcing the closure of 150–200 underperforming restaurants.

Jack in the Box also stated that it would halt its dividend payments effective immediately. The company had been paying a dividend of $1.76 per share on an annual basis, which was yielding nearly 7%.

Jack in the Box (JACK) also saw a rating upgrade from Stifel analysts, who upgraded the company's stock to Buy from Hold. Eli Lilly (LLY), on the other hand, saw a double downgrade from HSBC analysts.

Jack in the Box pre-announced its earnings, revealing that sales at Del Taco dropped 3.6% and it will no longer provide financial guidance as it explores a sale. Meanwhile, Jack in the Box sales ...

Jack in the Box has announced it is planning to close between 150 to 200 underperforming restaurants and could sell the Del Taco brand it acquired three years ago. On April 23, the San Diego-based ...

Fast food chain Jack in the Box announced plans this week to close up to 200 locations as part of a broader strategy to improve long-term finances. The chain offering burgers, chicken sandwiches ...

SAN DIEGO — Jack in the Box plans to close up to 200 of its restaurants and is considering the sale of its Del Taco brand, the company said in a news release on April 23. Jack in the Box ...

Jack in the Box plans to close approximately 10% of its locations and is exploring a sale of its Del Taco brand amid a broader overhaul of the fast-food chain that is struggling as customers cut ...