Denny’s, the iconic diner chain known for its round-the-clock service and diverse menu, announced on Tuesday that it will close 150 locations by the end of next year. The decision comes as the company faces declining revenue and shifting consumer habits, leading to lower-than-expected earnings for the third quarter and a nearly 50% drop in share prices this year, according to the company.
Approximately 50 restaurants are set to close in 2024, with an additional 100 slated for closure in 2025, representing a 10% reduction in Denny’s total operations, according to the company. However, the company has not disclosed which of its roughly 1,500 locations will be affected by the shutdowns, according to reports.