By the end of next year, a total of 150 Denny’s restaurants across the country will be closing permanently. Out of these, 50 locations are expected to cease operations by the end of 2024.
According to ScrapeHero.com’s latest data on the number of Dennys restaurants in the United States, there are currently 1,530 locations as of May 01, 2024. Among these, California has the highest number of Dennys restaurants with 389, accounting for approximately 25% of all Dennys restaurants in the country.
Denny’s, 2024
According to a report from TimeOut.com on October 24th, Denny’s has not yet publicly announced which specific restaurants will be closing. However, it is expected that the closures will primarily affect locations in Florida, California, Arizona, and Texas, as these states have the highest concentration of Denny’s restaurants.
As excerpted from the report: On an earnings call, the company announced that it is targeting underperforming locations in an effort to slim down its portfolio as it prepares for growth. The company’s shares dropped over the last quarter, and stock is down 50% over the last financial year.
The company was established in Lakewood, California in 1953.
