Denny's to Close 150 Restaurants Amid Financial Struggles

The iconic diner chain plans to shutter underperforming locations and adjust its 24/7 operations to improve cash flow.

Denny's will close 150 of its 1,525 restaurants by the end of 2025, focusing on locations that are too old or unprofitable.
The closures represent about 10% of its U.S. locations, with 50 shutting down by the end of 2024 and the remaining 100 in 2025.
Denny's shares dropped nearly 18% after the announcement, contributing to a 50% decline in stock value over the past year.
The chain will reduce its menu from 97 to 46 items and ease the requirement for franchisees to operate 24/7.
Factors such as inflation, changing dining habits, and increased competition from fast-casual and fast-food brands are impacting Denny's sales.