Denny’s Announces Closure Of 150 Locations As Restaurant Inflation Impacts Sales

Denny’s plans to close 150 of its lowest-performing locations as part of a strategy to address declining sales. Approximately half of the closures will occur this year, with the remainder set for 2025. The brand has faced challenges with shifting customer traffic, especially post-pandemic, leading to five consecutive quarter declines in same-store sales. Restaurant inflation has outpaced grocery inflation, affecting dining out decisions, with customers increasingly choosing fast-casual and fast-food options. Shares fell nearly 18% following the announcement.