Jack in the Box announced today that it had agreed to sell its fast-casual Mexican chain. Funds led by publicly traded Apollo Global Management will pay about $305 million for the Qdoba, which is struggling with fast-casual competition as well as higher commodity costs and labor expenses.
Qdoba’s sales have exceeded $820 million in 2017. But the chain has been dealing with same-store sales dropping by 1.4% in the last fiscal year and by 2.1% in the fourth quarter.
Chipotle vs. Qdoba: So who takes the Tex-Mex tournament? Both chains are similar in offerings and quality of ingredients although Qdoba’s lower prices, free guacamole, and queso add-ons make it more appealing to customers