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Jack in the Box noted earlier this month it would explore strategic options around Del Taco, but the decision seems to have already been made about what’s happening next—the brand will be sold to another owner.
CEO Lance Tucker said the company is a few weeks away from officially marketing Del Taco, but the chain has received “significant reach out and interest in the brand.”
“When you think about other alternatives, I think given the early returns on the interest we seem to be getting, I feel pretty solidly that that would be the option we would go down,” Tucker said during Jack’s Q2 earnings call.