Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

Business

Denny’s set to close dozens more locations this year, though some openings planned too

by admin February 17, 2025
February 17, 2025
Denny’s set to close dozens more locations this year, though some openings planned too

Breakfast specialists Denny’s will accelerate planned store closures in 2025 amid continued consumer shifts toward preferences for fast-food and take-out options.

On an earnings call Wednesday, CFO Robert Verostek said the closures would incorporate a mix of poorly performing restaurants and ones with expiring leases.

According to industry publication Restaurant Dive, the new closures represent about 30 more from a previously planned shuttering of 150 locations.

Denny’s remains publicly traded; today, its shares are worth less than $5, compared to the most recent high of about $24 seen in 2019.

The brand ended last year with 1,334 U.S. stores, with most located in Arizona, California, Florida and Texas.

An investor presentation by Denny’s in October showed ‘family dining’ options like Denny’s were losing more foot traffic than any other dining-out category.

Other brand-names in the family-dining group seeing declining fortunes include Applebee’s, Hooter’s, Outback Steakhouse and TGI Friday’s. Some notable exceptions include Chili’s and Texas Roadhouse, which analysts say have benefited from improved value perception and investments in customer service.

And even as it accelerates closures, Denny’s is still planning openings, with at least 14 slated for this year; as well as some location refurbishments.

This post appeared first on NBC NEWS

previous post
White South Africans gather in support of Trump and his claims that they are victims of racism
next post
Significant Gold and Antimony Grades Confirmed at Hurricane Project

Related Posts

From tariffs to DOGE, what companies are saying...

February 19, 2025

Anne Wojcicki to buy back 23andMe and its...

June 17, 2025

Adidas to cut up to 500 jobs after...

January 27, 2025

As Joann Fabrics and JCPenney announce store closings,...

February 18, 2025

Chipotle to expand to Mexico amid Trump trade...

April 23, 2025

AMD CEO calls China a ‘large opportunity’ and...

May 8, 2025

Procter & Gamble to cut 7,000 jobs as...

June 10, 2025

Procter & Gamble to cut 7,000 jobs as...

June 15, 2025

Trump moves to develop sovereign wealth fund to...

February 5, 2025

Ontario to remove U.S. alcohol from shelves after...

February 4, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 5

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 6

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 daytradingreports.com | All Rights Reserved