Denny's plans to close 150 of its lowest-performing restaurants, as the company grapples with declining sales and shifts in consumer dining preferences in the post-pandemic environment.
Denny's reported its fifth straight quarter of year-over-year declines in same-store sales, indicating ongoing struggles amidst changing dining habits and rising restaurant inflation.
Stephen Dunn mentioned, 'Some of these restaurants can be very old... We have a lot of restaurants that have been out there for a very long time,' highlighting the brand's age and modern challenges.
Despite challenges, Denny's noted positive outcomes from its value menu and delivery-only brands, which contributed to sales in the recent quarter.
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