Denny's to close 150 restaurants, cut down its menu [Yahoo! Finance]
Bloomin' Brands, Inc. (BLMN)
Last bloomin' brands, inc. earnings: 2/18 07:00 am
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Source: Yahoo! Finance
The 71-year-old restaurant chain plans for about 50% of those closures to occur by the end of 2024, the company shared Oct. 22 during a meeting with investors. The closures are directed at lower-performing restaurants, but the restaurant chain did not specify their locations. “It's never easy to close restaurants. It's a challenge, and you work with external factors, landlords and the like, and of course, you're dealing with people's lives,” Stephen Dunn, Denny's executive vice president and chief global development officer, said during the call. “But we've realized that closing underperforming restaurants is strategically advantageous to a number of our franchisees, as it strengths the bottom line cash flow for the long term.” The restaurants designated for closing make up about 10% of Denny's total restaurants, according to the Associated Press . There are 1,358 Denny's locations in the U.S., mostly in California, Texas, Florida and Arizona. For the third quarter, the company
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BLMN
Earnings
- 11/8/24 - Beat
BLMN
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form SC
- BLMN's page on the SEC website