Based in San Diego, Jack in the Box Inc. is a restaurant company that operates and franchises through Jack in the Box quick-service restaurants and is one of the nation’s largest hamburger chains. In 1951, the company opened its first restaurant, and since then, Jack in the Box has become the largest hamburger chain. On the basis of a number of restaurants, the company’s top 10 markets comprise nearly 70% of the total system. Jack in the Box is also the second largest QSR hamburger chain in nine of those 10 markets.

During the second quarter of 2020, the company acquired eight franchise restaurants as a result of a legal action filed in October 2019 against a franchisee. It received the judgment in January 2020, thereby granting possession of the restaurants. As of Jan 21, 2024, the Jack in the Box system included approximately 2,192 quick-service restaurants across the western and southern United States and Guam. The company had 94% franchised restaurants. Also, as of the same date, Del Taco had 592 restaurants across 16 U.S. states.

Previously, the company operated under Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants.

In December 2017, the company signed an agreement to sell Qdoba to Apollo Global Management, LLC. On Mar 21, 2018, the company finally announced the sell-out of Qdoba Restaurant Corporation. Jack in the Box sold Qdoba to an affiliate of certain funds managed by the affiliates of Apollo for roughly $305 million in cash. In connection with the sale, the terms of the credit facility demand Jack in the Box to make a pre-payment of $260 million to retire outstanding debt under its term loan.

On Feb 16, 2024, the board of directors announced a cash dividend of 44 cents per share. The dividend will be paid out on Mar 27 to shareholders of record as of Mar 15.