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 ...
Yes, salad is cheap to make, but buying bags of all the ingredients is not cheap.
Plus sometimes you want to have the mess dealt with by someone else.
I wonder how much services like Door Dash and Grub Hub are cutting into their business? It’s just as expensive to have them deliver your meals, but it’s more convenient (a polite way of saying you don’t have to drag your lazy butt out of the house and drive to a place like Denny’s.)
Covid did/will also.
I agree on the food quality. In Wisconsin, we’ve had ‘Country Kitchen’ for ages. It’s a franchise, and then kind of went out of favor for a number of years.
It’s back now as Country Kitchen Cafe, and we enjoy eating there a few times a year.
I haven’t been in a Denny’s since college age - Denny’s or Taco Bell were our two choices for after-bar-time eats.
And I rarely go out after dark these days. ;)
“Wanna guess how many are in dem cities?’
99.999% Of them? ;)
Adored IHOP as a kid. Those ‘Silver-Dollar (sized) Pancakes’ were DA BOMB! As many as you could eat! And your CHOICE of THREE types of syrup? Blueberry Syrup? Who knew such LUXURY existed in this world?
LOL! It’s the little things that keep us going in this Life. When you grow up poor, some of the things that other people were able to do on a regular basis took on ‘magical’ qualities. ;)
“Shari’s Cafe & Pies, an iconic chain of 24-hour family restaurants and home to numerous lottery machines, abruptly closed all of its Oregon locations on October 20, according to multiple sources. KGW confirmed the chain’s closure after obtaining an email that Shari’s parent company CEO Sam Borgese sent to the Oregon Lottery (apparently, Shari’s was a big source of revenue for the lottery).”
Lottery malfeasance?
“The closure of Shari’s — essentially the PNW’s answer to a Denny’s — is a huge loss for Oregon’s late-night dining options, filling a hole in smaller communities where few round-the-clock restaurants exist. Where will teens go now to pontificate about the highs and lows of high school football, heartbreak, and chemistry homework over a hulking slice of apple pie and a stack of pancakes at midnight?”
It’s ‘For The Children!’ ;)
https://pdx.eater.com/2024/10/22/24277087/sharis-cafe-and-pie-restaurants-closed-oregon
I was one of the few people whose ‘lifestyle’ didn’t change one whit during CovidBS-19.
But I agree - our collective psyche is in big trouble these days. Most likely part of a Bigger Plan by Mother Government. A very big, very dangerous, very slow moving plan...
*SPIT*
$3.50 for coffee and no refills, last time I was there, haven't been back.
It is expensive to buy bagged stuff-but we have gardens here-this is a rural area, so we seldom need to buy bagged salad stuff, fortunately...
Bidenomics march on.
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