• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Denny’s set to close dozens more locations this year, though some openings planned too
Editor's Pick

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

by February 16, 2025
by February 16, 2025 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • ‘Barbenheimer’ gets off to hot start with $32.8 million in combined Thursday sales
  • MrBeast sues his food delivery partner over ‘low quality’ food
  • Building Brand Names: 5 IoT Startups to Look Out for in 2023
  • Boeing and Airbus may have used ‘counterfeit’ titanium in planes, FAA says
Share
0
FacebookTwitterPinterestWhatsapp

previous post
This Is How I Crush The Benchmark S&P 500 In Any Market
next post
Here Are Two Great Earnings Reports This Past Quarter

You may also like

China opens probe into Nvidia, accusing company of violating its...

December 10, 2024

CVS is under pressure and considering a breakup. Here’s why...

October 6, 2024

Tax Day 2023: What to know ahead of the April...

April 18, 2023

Red Lobster says unlimited shrimp promotion was too popular and...

December 2, 2023

Applebee’s owner Dine Brands to lean on value, marketing to...

March 7, 2025

Gap taps top Mattel executive to be its new CEO

July 28, 2023

Congress approved a TikTok ban. Why it could still be...

April 26, 2024

Their small businesses went viral on TikTok for the wrong...

May 25, 2023

The rental and leasing car telematics market is expected to...

February 18, 2023

Dow rallies 700 points for best day in more than...

July 17, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Meme stock mania is back: Why...

    May 16, 2024

    Apple makes surprise decision to pause...

    December 19, 2023

    Federal judge overturns $4.7 billion jury...

    August 2, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here