Denny's is set to close 150 locations over the next year, citing underperformance and outdated facilities, with a plan to renovate others under the Diner 2.0 initiative.
Executive VP Steve Dunn mentioned that the chain's 24/7 operation model is being reassessed as staying open late no longer makes sense due to decreased customer traffic.
The menu will undergo significant changes, halving the number of items from 97 to 46, aiming to simplify operations and improve customer focus.
Dunn highlighted the challenges faced by Denny's and the broader restaurant sector, noting that reduced consumer spending is impacting even budget-friendly dining establishments.
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