Overview
- Denny’s reiterates its plan to shutter about 150 underperforming restaurants by year-end and says most of those closures have already occurred.
- The chain reports more than 1,300 U.S. locations and nearly 1,500 worldwide, and it signals new restaurant openings are slated for 2026.
- The company agreed to a $620 million buyout by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises, with shareholders to receive $6.25 per share.
- Denny’s expects the transaction to close in the first quarter of 2026 and says operations remain business as usual until then.
- Management cites mixed recent results—revenue up to $117.7 million with same-restaurant sales down 1.3%—and says closures have lifted franchise average unit volume by about 5% toward flat-to-slightly-positive growth by 2026.