This article presents the number of restaurants or stores of Jack In The Box and Del Taco.
The restaurant numbers indicate the total number of locations of Jack In The Box and Del Taco restaurants which are situated primarily in North America.
For your information, Jack In The Box and Del Taco restaurants are categorized into 2 types, namely company-owned and franchise restaurants.
Company-owned restaurants are stores that are owned and operated by Jack In the Box as well as Del Taco instead of by franchisees.
On the other hand, franchise restaurants are those that are owned and operated by franchisees.
Franchise restaurants use the trademarks and logo of Jack In The Box and pay royalties to the company.
On a side note, Jack In The Box acquired Del Taco, a fast-food restaurant chain specializing in Mexican cuisine, for nearly $600 million USD in an all-cash deal in 2022.
After the acquisition, Jack In The Box’s total restaurant counts, including those that belong to Del Taco, soared significantly in 2023, making the company one of the largest fast-food restaurant chains in the world.
Apart from the total number of locations, Jack In The Box’s total revenue also soared significantly after acquiring Del Taco, topping nearly $1.5 billion as of 2022, a record high for the company.
All said, let’s start with the following topics!
Jack In The Box Total Restaurants
While Jack In The Box was able to maintain its total stores in the past, the numbers have dwindled considerably in recent years.
As of fiscal 2022, Jack In The Box’s total stores came in at only 2,181 units, the lowest level that has ever been recorded since 2014.
A trend worth mentioning is the significant decline in Jack In The Box’s total number of restaurants since 2019.
Between fiscal 2019 and 2022, Jack In The Box’s total restaurant counts have declined by roughly 3% or 62 stores, the largest slump that has ever been recorded in the past 9 years.
Jack In The Box’s growing restaurant closures since fiscal 2019 had most likely been driven by the COVID-19 crisis which started in the same year and subsequently, the war in Ukraine which badly disrupted the world’s supply chains and not to mention the high inflationary environment thereafter.
Nevertheless, Jack In The Box has been able to maintain its total store numbers at roughly the same level all these years.
Jack In The Box Company-Owned And Franchise Restaurant Numbers
As mentioned, Jack In The Box operates in 2 segments and they are company-owned restaurants and franchise restaurants.
In terms of the number of restaurants, franchise restaurants represent the majority of Jack In The Box’s total restaurants, topping 2,035 stores as of fiscal 2022.
While Jack In The Box has opened more franchise restaurants on a long-term basis, the numbers have declined considerably in recent years.
For example, between 2019 and 2022, Jack In The Box closed 71 franchise stores, or a decline of 3.4% in those periods, most likely driven by the COVID-19 disruption back in 2020 and the high costs of doing business more recently.
Some of the closed stores were either out of business or taken over by Jack In The Box and are operated as company-owned restaurants.
On the other hand, Jack In The Box’s number of company-owned restaurants has decreased quite significantly since fiscal 2014 and reached a record low of 146 units as of 2022.
Jack In The Box has either closed down or converted these company-owned restaurants into franchise restaurants.
Granted, the figures have decreased by over 66% or 285 stores over the past 9 years for Jack In The Box’s company-operated restaurants.
Jack In The Box Percentage Of Restaurants By Segment
From the percentage perspective, Jack In The Box’s franchise restaurants take the lion’s share of the company’s total stores, topping 93% as of 2022.
More importantly, this ratio has been on the rise in the past 9 years and has increased from 81% reported in 2014 to the massive 93% reported as of fiscal 2022.
On the other hand, Jack In The Box’s company-owned restaurants made up only 6.7% of the company’s total number of restaurants as of fiscal 2022, one of the lowest ratios that have ever been recorded in the past 9 years.
Contrary to the franchise restaurant ratio, the company-owned restaurant ratio has been on a decline over the years, illustrating that Jack In The Box’s re-franchising strategy has been quite successful.
Del Taco Total Stores, Company-Owned And Franchise Restaurant Numbers
As of 2022, Del Taco owns 591 restaurants in total which were down by about 2% or 11 stores over the figure from 2021.
Of the 591 total restaurants reported in fiscal 2022, 301 were franchised restaurants while 290 were company-operated restaurants.
Therefore, Del Taco has nearly the same number of company-operated and franchised restaurants as of 2022.
Also, these figures were slightly lower compared to those reported over a year ago.
Another point worth mentioning is that Del Taco’s total number of franchise restaurants was much lower than that of Jack In The Box while those owned and run by Del Taco were much higher compared to that of Jack In The Box.
Therefore, Jack In The Box is expected to apply a similar re-franchising strategy to convert some of Del Taco’s company-operated stores to franchise restaurants.
Del Taco Percentage Of Restaurants By Segment
In terms of the percentage, Del Taco’s restaurant segments were divided almost equally.
For example, Del Taco’s franchise restaurants made up 50.9% of the segment’s total restaurant counts in fiscal 2022, and this ratio was the same as the previous year.
Similarly, Del Taco’s company-owned restaurants represent about 49.1% of the segment’s total restaurant counts in fiscal 2022, and this ratio was also in line with that of the prior year.
Therefore, Del Taco’s percentage of company-operated restaurants was slightly lower compared to that of franchise restaurants.
Also, Del Taco’s percentage of restaurants by segment was vastly different from that of Jack In The Box.
Consolidated Total Stores, Company-Owned And Franchise Restaurants
On a consolidated basis, Jack In The Box’s total stores, including those belonging to Del Taco, numbered 2,772 locations as of 2022, a record figure for the company.
Jack In The Box’s number of stores has grown significantly after acquiring Del Taco in 2022.
If not for the Del Taco acquisition, Jack In The Box’s number of stores would have declined in fiscal 2022 as seen in prior discussions.
Moreover, Jack In The Box’s both company-owned and franchise restaurants have also grown to record figures of 436 and 2,336 as of 2022, respectively, after acquiring Del Taco.
Percentage Of Consolidated Restaurants By Segment
From the perspective of percentage, Jack In The Box’s consolidated results for franchise restaurants totaled 84.3% as of 2022 while those of company-owned stores numbered 15.7% in the same fiscal year.
Therefore, Jack In The Box’s franchise restaurants still represents the majority of the company’s total number of stores even after acquiring Del Taco in 2022.
To recap, Jack In The Box was able to maintain its restaurant count levels in the past but the figures have dropped off considerably in recent years, driven primarily by the COVID-19-induced closures as well as high costs of doing business.
As of 2022, Jack In The Box’s total stores came in at only 2,181 units, a record low since 2014.
This phenomenon was due primarily to the decline in franchise restaurants which have fallen off to only 2035 stores as of 2022, a record low since 2019, and represents the closure of 71 stores in those periods.
On the other hand, Jack In The Box’s company-owned restaurants have increased by 9 stores between 2019 and 2022, a growth of 7% during the same period.
References and Credits
1. All financial data in this article were obtained and referenced from Jack In The Box’s reports, earning releases, and filings which are available in Jack In The Box’s Investor Relations.
2. Featured images are used under Creative Common Licenses and are obtained from Pixabay.
The content in this article is for informational purposes only and is neither a recommendation nor a piece of financial advice to purchase a stock.
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