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Denny's says it expects to close 150 locations by the end of 2025
Channel 3000 News/AP ^ | October 23, 2024 | AP Staff

Posted on 10/23/2024 6:56:17 AM PDT by Diana in Wisconsin

Denny's says it's closing 150 of its lowest-performing restaurants in an effort to turn around the brand's flagging sales.

About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors Tuesday. The locations weren't revealed, but the restaurants represent about 10% of Denny's total.

Stephen Dunn, Denny's executive vice president and chief global development officer, said in some cases the restaurants are no longer in good locations. "Some of these restaurants can be very old," Dunn said during the investor meeting. "You think of a 70-year-old-plus brand. We have a lot of restaurants that have been out there for a very long time."

Others saw traffic shifts during the COVID-19 pandemic that have yet to reverse, he said.

On Tuesday, Denny's reported its fifth straight quarter of year-over-year declines in same-store sales, which are sales at locations open at least a year.

Restaurant inflation is outpacing grocery price inflation, which makes it harder for some customers to justify eating out, Denny's said. When they do eat out, they often head to fast-casual brands like Chipotle or fast-food chains. Denny's said family dining — the category in which it competes — lost the most customer traffic since 2020.

(Excerpt) Read more at channel3000.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: bidenomics; dennys; economy; food
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To: Diana in Wisconsin

Hopefully, when Trump is back in the WH, many of these businesses can rescind their closure plans.


21 posted on 10/23/2024 7:23:28 AM PDT by TangoLimaSierra (⭐⭐To the Left, The Truth is Right Wing Violence⭐⭐)
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To: All

All American breakfast.

22 posted on 10/23/2024 7:24:27 AM PDT by Liz (Faith is believing what you cannot see; its reward is to see what you believe. St Augustine)
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To: odawg
But, but, what if we did not have Bidenomics in place to soften the harsh blows?

Kamala: "I left that baggie in the White House library because the blow in it was pretty harsh. Didn't buy from that guy again! Hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah!"

23 posted on 10/23/2024 7:25:17 AM PDT by 17th Miss Regt ( )
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To: Dahoser

The elites in California are pitching a fit and coming down hard on McDonald’s for charging such high prices, blissfully unaware that they caused the high prices because of outrageous minimum wage mandates.


24 posted on 10/23/2024 7:27:02 AM PDT by fwdude (The cost of freedom is often not being able to experience it, or knowing it was even obtained.)
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To: SauronOfMordor
Big chains have a problem: they experience greater expenses in black areas, but cannot be caught charging more, because that would be racist.

Head, meet nail.

25 posted on 10/23/2024 7:27:15 AM PDT by 17th Miss Regt ( )
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To: Diana in Wisconsin

I only ever went to Dennys for breakfast. But these days eating breakfast out is almost as expensive as going to someplace like Texas Roadhouse for a sit down steak dinner.


26 posted on 10/23/2024 7:30:41 AM PDT by circlecity
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To: fwdude

Bad business. Dennys sucks. Dennys has sucked for a long time. Eventually they have to go under.


27 posted on 10/23/2024 7:34:05 AM PDT by discostu (like a dog being shown a card trick)
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To: circlecity

It is! We traditionally go out to VOTE as soon as the polls open on Election Day (or whatever Spring Elections we have in WI) and then we go out for Pancakes.

From 2020 to the last time we voted this past spring, prices have pretty much doubled.

But, it’s a ‘treat’ as I don’t have to sling the hash for ONE meal, so it’s worth it for me.

Wonder what ‘Election Day Breakfast’ will set us back THIS year? Ugh!


28 posted on 10/23/2024 7:37:46 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: Diana in Wisconsin

Wanna guess how many are in dem cities?


29 posted on 10/23/2024 7:38:44 AM PDT by DownInFlames (P)
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To: Qwapisking

I remember Sambo’s. It wasn’t bad.

For a while there they tried re-naming it “Sam’s.”


30 posted on 10/23/2024 7:45:50 AM PDT by martin_fierro (< |:)~)
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To: discostu
I don't know if they suck universally. Denny's is what it is, cheap food for barflies, truckers and other travelers. I wouldn't go there on a date or family night - that's not what it's intended for.

In my area, the Denny's quality varies widely from store to store. One store was very popular for it's cleanliness and decor.

31 posted on 10/23/2024 7:47:03 AM PDT by fwdude (The cost of freedom is often not being able to experience it, or knowing it was even obtained.)
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To: fwdude
In my area, the Denny's quality varies widely from store to store.

Simple reason, quality of management/staff varies from store to store.

32 posted on 10/23/2024 7:51:28 AM PDT by 1Old Pro
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To: thegagline

Ahh yes 2020, the great Covid plandemic shutdown effect.


33 posted on 10/23/2024 7:52:17 AM PDT by tflabo (Truth or tyranny)
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To: tflabo

Let’s see:

Applebees
Best Buy
CVS
Family Dollar (Dollar Tree)
Macy’s
Outback Steakhouse
Red Lobster
Walgreens

Just to name a few.


34 posted on 10/23/2024 7:52:55 AM PDT by fwdude (The cost of freedom is often not being able to experience it, or knowing it was even obtained.)
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To: Diana in Wisconsin

Like McDonalds ... prices raised too high for many people to eat there.


35 posted on 10/23/2024 7:57:45 AM PDT by faithhopecharity ("Politicians aren't born, they're excreted." Marcus Tullius Cicero (106 to 43 BCE))
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To: fwdude

One time I was on the road with the wife and we needed food, of course when you’re on the highway you pretty much have to go by the signs. Of the signs Dennys was the least bad. Get off the highway, pull into the parking lot, see that they share the lot with some hole in the wall Mexican place. I turn to her and say “the worst hole in the wall Mexican place is better than the best Dennys”, she agrees, we go there. And it was really good.

Dennys is generic American franchise food, designed to be inoffensive and unexciting. At their best they’re mediocre. Any mom and pop diner can do the same thing better. They did introduce me to potatoes O’Brien though, which I make much better than them. So I’ll give them some points.


36 posted on 10/23/2024 8:06:58 AM PDT by discostu (like a dog being shown a card trick)
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To: Z28.310

No, Samos didn’t change to Perkins. Those were two separate companies. Sambbos simply close down vecause of threats have lawsuits from “offended” people.

Some of them may have been sold and refurbished by the company that owns Perkins.

In my opinion, Sambo’s was 10 times better than any Denny’s on their best day.


37 posted on 10/23/2024 8:14:54 AM PDT by hoagy62 (Don't let evil win again!)
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To: Diana in Wisconsin

Bidenomics at work,


38 posted on 10/23/2024 8:18:27 AM PDT by volare737 (Diversity is something to be overcome, not celebrated.)
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To: Diana in Wisconsin

I hope my local Denny’s doesn’t close. About once every 2-3 weeks I crave a BIG breakfast. Their build your own Grand Slam is a great deal compared to most local breakfast joints and still tastes good.

4 eggs over easy, 4 well done bacon strips, 2 sausage links, and hash browns plus a bottomless cup of coffee - plus tax and a 20% tip for less than $20...


39 posted on 10/23/2024 8:48:29 AM PDT by PortugeeJoe
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To: discostu

Denny’s is bland food that gives you indigestion. Same with IHOP.


40 posted on 10/23/2024 8:57:26 AM PDT by kaktuskid
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