Denny’s (DENN) is closing 150 restaurants over the next year, and the 71-year-old diner chain is mulling a major change to its 24/7 operating hours. A specific list of closing restaurants weren’t immediately announced. Since the pandemic, about a quarter of its restaurants have not returned to those around-the-clock hours, so Denny’s is easing up on the requirement for a franchise to do so. Denny’s joins a broader trend of restaurants slashing hours since the pandemic. Denny’s (DENN) shares dropped 17% Tuesday after earnings missed analysts’ expectations.

Source: CNN October 22, 2024 19:55 UTC