Jack in the Box on the Auction Block

Reuters reports that Jack in the Box is looking at strategic options.

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Jack in the Box ® serves food in establishments like this one.

It was reported by Reuters that Jack in the Box Inc. (NASDAQ: JACK) is exploring options which could include a sale of the company as of November 29. This comes soon after many other high-profile fast food restaurant sales earlier this year such as the sale of Sonic to Inspire Brands. Jack in the Box has not yet commented on the matter, but it is reported that they began sales talks with potential buyers this month. This comes as Jack in the Box continues to struggle due to the demand for higher employee wages and decreased demand for fast food from customers. Jack in the Box also sold its Qdoba brand earlier in the year to Apollo Global Management LLC in a deal worth approximately $305 million in cash.

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