Denny's is closing 150 restaurants over the next year

Other changes astatine Denny's see a slimmed-down menu, with the fig of options whittled down to 46 from 97.

NEW YORK -- Denny's is closing 150 restaurants implicit the adjacent year, and the 71-year-old diner concatenation is mulling a large alteration to its 24/7 operating hours.

Fifty locations are acceptable to adjacent by the extremity of 2024, portion the remaining 100 volition shutter successful 2025, Denny's announced successful an net telephone Tuesday. That amounts to a tenth of its restaurants, leaving 1,375 locations erstwhile completed. A circumstantial database of closing restaurants wasn't instantly announced.

Denny's is targeting "underperforming restaurants" that are weighing down the company's fiscal performance, according to Steve Dunn, Denny's enforcement vice president and main planetary improvement officer. The affected locations are either excessively aged to beryllium remodeled oregon successful areas that person go unprofitable.

The chain, champion known for ne'er closing its doors, is besides making a large concession with its franchisees implicit the request of remaining unfastened 24/7. Since the pandemic, astir a 4th of its restaurants person not returned to those around-the-clock hours, truthful Denny's is easing up connected the request for a franchise to bash so.

Denny's joins a broader inclination of restaurants slashing hours since the pandemic. Major shifts successful lawsuit behavior, including earlier meal times and drinking little intoxicant precocious into the evenings, person held backmost a instrumentality to pre-pandemic patterns. Higher labour and nutrient costs person besides led restaurants to adjacent earlier.

For Denny's, Dunn admitted that 24/7 operating hours are a "contraction that happened for everyone" and that little ft postulation during those disconnected hours means it "didn't marque sense" for a edifice to stay open.

Other changes astatine Denny's see a slimmed-down menu, with the fig of options whittled down to 46 from 97. The concatenation besides noticed that cash-strapped adults were progressively ordering disconnected its kid's paper to prevention money.

Denny's (DENN) shares dropped 17% Tuesday aft net missed analysts' expectations. The banal is down 50% for the year.