Denny's plans to close 150 locations by the end of 2025: ‘We have a lot of restaurants that have been out there for a very long time' [Fortune]
Denny's Corporation (DENN)
Last denny's corporation earnings: 2/11 04:05 pm
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Source: Fortune
About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors Tuesday. The locations weren't revealed, but the restaurants represent around 10% of Denny's total. Stephen Dunn, Denny's executive vice president and chief global development officer, said in some cases, the restaurants are no longer in good locations. “Some of these restaurants can be very old,” Dunn said during the investor meeting. “You think of a 70-year-old plus brand. We have a lot of restaurants that have been out there for a very long time.” Others saw traffic shifts during the pandemic that have yet to reverse, he said. On Tuesday, Denny's reported its fifth straight quarter of year-over-year declines in same-store sales, which are sales at locations open at least a year. Restaurant inflation is outpacing grocery price inflation, which makes it harder for some customers to justify eating out, Denny's said. And when they do eat out, they often hea
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News
- Hungover No More: Denny's Gifts Bacon-Based Menu Hacks for the Ultimate Holiday Party Cure [Yahoo! Finance]Yahoo! Finance
- Hungover No More: Denny's Gifts Bacon-Based Menu Hacks for the Ultimate Holiday Party CureGlobeNewswire
- Denny's Decks the Halls (and Feeds Family & Friends) With the Return of Festive Christmas Take-Home Holiday Turkey Bundle [Yahoo! Finance]Yahoo! Finance
- Denny’s Decks the Halls (and Feeds Family & Friends) With the Return of Festive Christmas Take-Home Holiday Turkey BundleGlobeNewswire
- Denny's Co. (NASDAQ: DENN) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
DENN
Earnings
- 10/22/24 - Miss
DENN
Sec Filings
- 11/18/24 - Form 3
- 11/8/24 - Form SC
- 10/29/24 - Form 10-Q
- DENN's page on the SEC website