Denny is losing weight.
The budget-friendly and belly-busting chain will close 150 underperforming locations over the next year, cut hours of operation and pare down its vast menu, the company said Tuesday, as financially pressured diners… Will cut expenses.
Denny’s, which has about 1,500 locations nationwide, will close 50 outposts by the end of the year and the remaining 100 in 2025, according to top executives.
Denny’s Executive Vice President Steve Dunn said the stores being closed are all “underperforming restaurants” that are either too old to remodel or are in areas that have become unprofitable.
“They are dragging down the financial performance of the company,” he said.
A specific list of restaurants closing was not immediately announced.
Denny’s shares fell 17.6% to $5.47 on Tuesday.
The Spartanburg, SC-based company said the chain will reduce its 97-item menu to 46 as more adults order from its children’s menu to save money.
This summer, the company brightened up social media When a diner posted A photo on Reddit The $18 Lumber Jack Slam – which comes with ham, bacon, sausage, egg hash browns and toast – was a popular breakfast item that was titled “Dumblfation”.
Denny’s said it would relax one of its key features – its 24/7 operating hours – believing that many of its franchisees could no longer afford to remain open for such extended periods.
Nearly a quarter of its eateries never resumed keeping their doors open 24/7 after the pandemic.
In August, the last remaining Denny’s at 816 Mission St. in San Francisco closed the Union Square section.
“We’re the only store left, and we worked until the last day, as long as we could,” said owner, Chris Hauck. told sfgate In those days.
Haq blamed his restaurant’s problems on the insane amount of food served.
He also lamented the fact that a major source of revenue – business conferences – has dried up in recent years due to the tech industry. Shifting to hybrid work During the pandemic.
