Summary
Denny's is closing more than 150 underperforming restaurants in the U.S. by the end of 2025 as part of a financial improvement plan. The company plans to balance the closures by opening new locations and has also announced a $620 million acquisition deal. The planned closures and corporate sale are part of efforts to strengthen the brand and improve financial performance.
Key Facts
- Denny's plans to close over 150 restaurants by the end of 2025.
- 88 restaurants closed in 2024, with 70-90 more expected to close by the end of this year.
- The closures are part of a strategy to improve financial efficiency and brand health.
- The company plans to open new restaurants as the closure plan ends.
- Denny's reported a 2.9% decline in sales in the third quarter of this year.
- Denny's is being acquired by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises for $620 million.
- The acquisition is expected to complete by the first quarter of 2026, pending approvals.
- Stores have already closed in states such as California, Idaho, Massachusetts, Ohio, Oregon, Pennsylvania, and Texas.
