Denny's abruptly announces closure of 150 restaurants - and shock change to its opening hours

Denny's has abruptly announced nan closure of 150 locations successful an effort to counteract mediocre sales. 

The concatenation announced 50 shop closures are group to return spot this twelvemonth and nan remaining 100 locations will beryllium unopen successful 2025. 

The news comes aft 15 of nan chains locations closed this summertime unsocial and 70 successful full person closed successful nan past 2 years. 

Previously, inflation was blamed arsenic a important facet for nan caller closures. 

Steve Dunn, Denny’s executive vice president and main world improvement officer, has now said nan affected planned locations are either excessively aged to beryllium remodeled aliases successful areas that person go unprofitable. 

On Tuesday, Denny's reported its 5th consecutive 4th of declines successful income astatine locations that were unfastened astatine slightest a year. 

Since nan pandemic, nan 24-hr edifice has besides not returned to accustomed around-the-clock hours successful astir a 4th of locations. 

Denny's has now officially slashed its hours aft Dunn said it 'didn't make sense', arsenic ft postulation and changing user behaviors proceed to show nan affects from nan pandemic. 

The concatenation has besides trim their paper options successful half, from 97 to 46, aft besides noting that adults who were looking for cheaper options began ordering from nan kids menu. 

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

Recently Denny's closed a location successful San Francisco owed to rising rates successful crime aft moving for 25 years, and different location successful Pennsylvania closed aft a 45 twelvemonth service. 

Many dine-in restaurants person felt nan effects of changing user habits arsenic money gets tighter and habits changed station pandemic. 

Stores for illustration Denny's person begun releasing connection worth options to lure successful customers, specified arsenic Applebee's 'Whole Lotta Burger' pinch fries woody for $9.99 and Chili's $10.99 burger repast that is bigger and cheaper than nan Big Mac.