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

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

The concatenation announced 50 store closures are acceptable to instrumentality spot this twelvemonth and the remaining 100 locations volition beryllium unopen successful 2025. 

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

Previously, inflation was blamed arsenic a important origin for the caller closures. 

Steve Dunn, Denny’s enforcement vice president and main planetary improvement officer, has present said the affected planned locations are either excessively aged to beryllium remodeled oregon 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 the pandemic, the 24-hr edifice has besides not returned to accustomed around-the-clock hours successful astir a 4th of locations. 

Denny's has present officially slashed its hours aft Dunn said it 'didn't marque sense', arsenic ft postulation and changing user behaviors proceed to amusement the affects from the pandemic. 

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

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

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

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

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