Denny’s to increase store closures


Denny’s to increase store closures
The chain expects to shutter 70 to 90 restaurants in 2025 due to low volumes and lease expirations, compared to 88 store closures last year. Dive Brief: Denny’s plans to accelerate its closure of lower-volume restaurants this year, with between 70 and 90 expected to shutter, CFO Robert Verostek said during a Wednesday earnings call. This contraction includes some closures related to lease expirations. The chain closed 88 restaurants last year, including 30 during the fourth quarter. These units had average unit volumes below $1.1 million and had been open for an average of about 30 years. Denny’s previously said it planned to close 150 underperforming restaurants by the end of 2025. The new closure forecast means nearly 30 additional restaurants have been marked to shut down. Verostek also said the chain reduced headcount at corporate support centers, but did not provide further details.. ...more RSK: I think the one at West Towne area is safely entrenched as a performing location....always seems busy to me...
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Denny’s plans to accelerate its closure of lower-volume restaurants this year, with between 70 and 90 expected to shutter, CFO Robert Verostek said during a Wednesday earnings call. This contraction includes some closures related to lease expirations.
The chain closed 88 restaurants last year, including 30 during the fourth quarter. These units had average unit volumes below $1.1 million and had been open for an average of about 30 years.
Denny’s previously said it planned to close 150 underperforming restaurants by the end of 2025. The new closure forecast means nearly 30 additional restaurants have been marked to shut down. Verostek also said the chain reduced headcount at corporate support centers, but did not provide further details..