Looks like it’s closing time for Denny’s locations across the country. After years of missed sales expectations, the company finally pulled the trigger on its restaurants…
But will it be enough to get the company standing on two feet again?
Goodbye Denny’s Locations
Starting this year and continuing through 2025, Denny’s is shutting down 150 locations.
THAT’S ABOUT 10% OF TOTAL DENNY’S LOCATIONS.
The announcement arrives after 5 consecutive quarters where the company experienced declines in year-over-year sales.
Because restaurant inflation is outpacing grocery inflation, consumers are less willing to go out for dinner in different restaurants…
And that is bad news for Denny’s. After all, the company still hasn’t bounced back from pandemic-era issues like restricted foot traffic.
Not to mention, many of Denny’s restaurants are in locations that do little to improve traffic and in-store sales.
EVEN AS DENNY’S LOCATIONS STRUGGLE, THIS CHAIN IS NOT ALONE.
Other fast-casual restaurants have also faced difficulty this year…
Both Red Lobster and TGI Fridays have filed for bankruptcy.
Ultimately, it is still up in the air whether these closures can help save future Denny’s locations…
But in the restaurant business, it’s sink or swim.
Be Great,
GCTV Staff
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