{"id":117482,"date":"2024-10-23T15:33:44","date_gmt":"2024-10-23T08:33:44","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=117482"},"modified":"2024-10-23T15:33:44","modified_gmt":"2024-10-23T08:33:44","slug":"dennys-says-it-expects-to-close-150-locations-by-the-end-of-2025-npr","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=117482","title":{"rendered":"Denny&#8217;s says it expects to close 150 locations by the end of 2025 : NPR"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"storytext\">\n<div id=\"resg-s1-29443\" class=\"bucketwrap image large\">\n<div class=\"imagewrap has-source-dimensions\" data-crop-type=\"\" style=\"&#10;        --source-width: 4000;&#10;        --source-height: 2668;&#10;    \">\n        <picture><source srcset=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/4000x2668+0+0\/resize\/1100\/quality\/85\/format\/webp\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Fe0%2F04%2F7cad88a9474faae8263beddb80e2%2Fap24296734026806.jpg\" class=\"img\" type=\"image\/webp\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/4000x2668+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Fe0%2F04%2F7cad88a9474faae8263beddb80e2%2Fap24296734026806.jpg\" data-format=\"webp\"\/><source srcset=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/4000x2668+0+0\/resize\/1100\/quality\/85\/format\/jpeg\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Fe0%2F04%2F7cad88a9474faae8263beddb80e2%2Fap24296734026806.jpg\" class=\"img\" type=\"image\/jpeg\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/4000x2668+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Fe0%2F04%2F7cad88a9474faae8263beddb80e2%2Fap24296734026806.jpg\" data-format=\"jpeg\"\/><img decoding=\"async\" src=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/4000x2668+0+0\/resize\/1100\/quality\/85\/format\/jpeg\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Fe0%2F04%2F7cad88a9474faae8263beddb80e2%2Fap24296734026806.jpg\" class=\"img\" alt=\"A Denny's restaurant is shown Sept. 14, 2017, in Cranberry, Pa. Officials at the restaurant chain said about half of the 150 restaurant closures will happen this year and the rest in 2025,\" data-template=\"https:\/\/npr.brightspotcdn.com\/dims3\/default\/strip\/false\/crop\/4000x2668+0+0\/resize\/{width}\/quality\/{quality}\/format\/{format}\/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Fe0%2F04%2F7cad88a9474faae8263beddb80e2%2Fap24296734026806.jpg\" data-format=\"jpeg\"\/>\n        <\/picture>\n<\/div>\n<div class=\"credit-caption\">\n<div class=\"caption-wrap\">\n<div class=\"caption\" aria-label=\"Image caption\">\n<p>\n                A Denny&#8217;s restaurant is shown Sept. 14, 2017, in Cranberry, Pa. Officials at the restaurant chain said about half of the 150 restaurant closures will happen this year and the rest in 2025,<br \/>\n                <b class=\"credit\" aria-label=\"Image credit\"><\/p>\n<p>                    Keith Srakocic\/AP\/AP<\/p>\n<p>                <\/b><br \/>\n                <b class=\"hide-caption\"><b>hide caption<\/b><\/b>\n            <\/p>\n<\/p><\/div>\n<p>            <b class=\"toggle-caption\"><b>toggle caption<\/b><\/b>\n    <\/div>\n<p>    <span class=\"credit\" aria-label=\"Image credit\"><\/p>\n<p>        Keith Srakocic\/AP\/AP<\/p>\n<p>    <\/span>\n<\/div>\n<\/p><\/div>\n<p>Denny\u2019s says it\u2019s closing 150 of its lowest-performing restaurants in an effort to turn around the brand\u2019s flagging sales.<\/p>\n<p>About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors Tuesday. The locations weren\u2019t revealed, but the restaurants represent around 10% of Denny\u2019s total.<\/p>\n<p>Stephen Dunn, Denny\u2019s executive vice president and chief global development officer, said in some cases, the restaurants are no longer in good locations.<\/p>\n<p>\u201cSome of these restaurants can be very old,\u201d Dunn said during the investor meeting. \u201cYou think of a 70-year-old plus brand. We have a lot of restaurants that have been out there for a very long time.\u201d<\/p>\n<aside id=\"ad-backstage-wrap\" class=\"ad-wrap backstage\" aria-label=\"advertisement\">\n<\/aside>\n<p>Others saw traffic shifts during the pandemic that have yet to reverse, he said.<\/p>\n<p>On Tuesday, Denny&#8217;s reported its fifth straight quarter of year-over-year declines in same-store sales, which are sales at locations open at least a year.<\/p>\n<p>Restaurant inflation is outpacing grocery price inflation, which makes it harder for some customers to justify eating out, Denny&#8217;s said. And when they do eat out, they often head to fast-casual brands like Chipotle or fast-food chains. Denny&#8217;s said family dining \u2014 the category in which it competes \u2014 has lost the most customer traffic since 2020.<\/p>\n<p>Still, Denny&#8217;s said it has bright spots, including a value menu that lifted sales in its most recent quarter and growing sales of its <a href=\"https:\/\/apnews.com\/article\/coronavirus-pandemic-restaurants-79f4410c93bbee8ef681c217d7b60f97\">delivery-only brands<\/a> like Banda Burrito.<\/p>\n<p>Shares in Denny&#8217;s Corp., which is based in Spartanburg, South Carolina, tumbled almost 18% on Tuesday.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.npr.org\/2024\/10\/23\/g-s1-29442\/dennys-close-150-locations\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Denny&#8217;s restaurant is shown Sept. 14, 2017, in Cranberry, Pa. Officials at the restaurant chain said about half of the 150 restaurant closures will happen this year and the &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=117482\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-117482","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/117482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117482"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/117482\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}