Overview
- Denny’s is completing a portfolio rationalization launched in 2023, with 88 restaurants closed in 2024 and a further 70 to 90 on track to come offline by year-end.
- Same-store sales fell 2.9% in Q3 year over year, and executives say the footprint trim supports a return to net flat to positive growth by 2026.
- Denny’s agreed to be acquired for $620 million by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises, with closing targeted for Q1 2026 pending regulatory and shareholder approval and backed by a unanimous board vote.
- The company disputes claims that closures are tied to the pending sale, says business continues across more than 1,300 U.S. locations, and notes new units are planned.
- Without an official list, AOL and local reports have confirmed recent shutdowns in California, Idaho, Massachusetts, Ohio, Oregon, Pennsylvania and Texas, including sites in San Francisco, Oakland, Santa Rosa, Boise, Worcester, Ashland, Ontario, Bucks County, Lubbock and New Braunfels.