Thursday, July 10, 2025

Creating liberating content

Indeed and Glassdoor, the job search and employee review firms,

Bitcoin climbed to new all-time high on Thursday, building on

X Corp’s CEO Linda Yaccarino looks on during the Senate

Related News

Elon Musk (L) & Don Lemon Reuters (L) | Getty Images (R) Ex-CNN anchor Don Lemon’s lawsuit against tech billionaire Elon Musk and his social network X over the cancellation

Indeed and Glassdoor, the job search and employee review firms, are slashing a total of roughly 1,300 jobs as their parent company, Japan’s Recruit Holdings, embraces artificial intelligence. In an

Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions. The price

X Corp’s CEO Linda Yaccarino looks on during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Nathan Howard

Content creator Rachel D’Cruz transformed an Indian sofa cover into a stunning backless dress, showcasing creativity and patience. The DIY project, initially estimated to take 30 minutes, evolved into a

The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage

Trending News

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the

US stocks started on a cautious note Thursday despite a surge in airline shares led by Delta Air Lines, which posted strong quarterly results and raised its outlook for the

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group

Unemployment benefit claims in the United States dipped last week,falling to a historically healthy range over the past couple years. These figures offer another sign of strength in the country’s

Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their

Denny’s To Close 170 Locations By 2025 Due To Profit Struggles

Word Count: 254 | Estimated Reading Time: 2 minutes



Denny’s, the well-known US diner chain famous for its 24/7 breakfast service, has announced that it will close more locations than initially planned. In October, the company disclosed its intention to shut down 150 underperforming stores by the end of 2025, with 50 closures expected in 2024. However, during an investor call on Wednesday, CFO Robert Verostek revealed that 70 to 90 stores will now close in 2025. This, in addition to the 88 closures that took place in 2024, marks an additional 38 store closures compared to the original estimate.

The closures are mainly attributed to expiring leases and the poor condition of aging buildings, which are not financially viable for renovation. Stephen Dunn, Denny’s executive vice president, stated that many of the affected locations are too old for remodeling and have not been profitable.

“In any mature brand, when restaurants have been open that long, it is natural that trade areas can shift over time,” Denny’s Chief Financial Officer Robert Verostek told CNN. “Accelerating the closure of lower-volume restaurants will improve franchisee cash flow and allow them to reinvest into traffic-driving initiatives like our tested and proven remodel program.”

Remodeled restaurants did indeed see a 6.5% increase in traffic over the year. However, the company renovated only 23 locations in 2024, which is a small portion of the 1,300 locations it has across the United States.

Denny’s has struggled in recent years because of inflation and rising food costs. Sales in January and February nosedived following a strong end to 2024 because of “consumer uncertainty that we are seeing at the moment,” Verostek said.




Source link

Most Popular Articles