SAN DIEGO Jack in the Box Inc. announced Thursday that it plans to sell its 61-unit Quick Stuff convenience store chain to focus on its namesake brand and the Qdoba Mexican Grill burrito chain.
The company said its board had approved a sale at its regular meeting in September but did not disclose the decision until today. It added that the Jack in the Box restaurants next to each c-store would not be included in the sale.
Linda Lang, Jack in the Box’s chairman and chief executive, said, “The board and management of Jack in the Box agreed that, by selling Quick Stuff, we can focus on maximizing the potential of our Jack in the Box and Qdoba brands. We appreciate the dedication of all of our Quick Stuff associates, and will look to them to assist in a smooth transition during this process.”
Officials said the sale is not expected to have a material impact on earnings, though they noted that it remains unclear whether the c-store chain will garner an acceptable price.
In addition to the Quick Stuff chain, Jack in the Box Inc. operates and franchises 2,100 namesake restaurants in 18 states, as well as more than 400 Qdoba restaurants in 40 states.