Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Denny’s set to close dozens more locations this year, though some openings planned too

by admin February 16, 2025
February 16, 2025
Denny’s set to close dozens more locations this year, though some openings planned too

Breakfast specialists Denny’s will accelerate planned store closures in 2025 amid continued consumer shifts toward preferences for fast-food and take-out options.

On an earnings call Wednesday, CFO Robert Verostek said the closures would incorporate a mix of poorly performing restaurants and ones with expiring leases.

According to industry publication Restaurant Dive, the new closures represent about 30 more from a previously planned shuttering of 150 locations.

Denny’s remains publicly traded; today, its shares are worth less than $5, compared to the most recent high of about $24 seen in 2019.

The brand ended last year with 1,334 U.S. stores, with most located in Arizona, California, Florida and Texas.

An investor presentation by Denny’s in October showed ‘family dining’ options like Denny’s were losing more foot traffic than any other dining-out category.

Other brand-names in the family-dining group seeing declining fortunes include Applebee’s, Hooter’s, Outback Steakhouse and TGI Friday’s. Some notable exceptions include Chili’s and Texas Roadhouse, which analysts say have benefited from improved value perception and investments in customer service.

And even as it accelerates closures, Denny’s is still planning openings, with at least 14 slated for this year; as well as some location refurbishments.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Stash that Flash Right in the Trash
next post
Top 5 Canadian Mining Stocks This Week: Durango Surges 115 Percent on Antimony Project News

Related Posts

Homebuyers feel locked out as prices soar and...

October 9, 2023

Divided Fed proposes rule to ease capital requirements...

June 27, 2025

Black workers at California Tesla factory allege rampant...

June 12, 2023

United Airlines says FAA cleared it to start...

May 17, 2024

Trump Media lost $327.6 million in the first...

May 22, 2024

See how the prices have changed for popular...

August 11, 2023

Want to bet against Trump Media stock? It’ll...

April 6, 2024

EBay to eliminate about 1,000 jobs, or 9%...

January 24, 2024

American Express CFO says spending picked up at...

January 26, 2025

Aldi to add 800 new U.S. grocery stores...

March 8, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Breakout Watch: One Stock in Each Sector to Watch Now

    • Small Caps Are Rotating In — Here’s Why It Matters

    • Want Faster, Lower Risk Trades? Use This Setup

    • The Seasonality Trend Driving XLK and XLI to New Highs

    • Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

    • Apollo Silver; Right Assets, Right Management and Right Time

    Categories

    • Business (1,283)
    • Investing (2,658)
    • Politics (3,699)
    • Stocks (1,709)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved