Denny's

After recent franchise closures, Denny's — now privately held by TriArtisan, Treville and Yadav Enterprises — is pursuing a turnaround through Project Grand Slam, which includes renovated restaurants, a new menu rollout and expanded catering via ezCater. The company plans about 40 restaurants to trial the new menu by November and aims to roll it out systemwide by April, while remodeling up to 350 locations. Denny's expects roughly 20 openings in 2026 and 20 in 2027, is working to refranchise and reopen recently closed sites, and views the rightsizing and new ownership as positioning the chain for sustainable growth. » Więcej na finance.yahoo.com

Denny’s locations at 3127 Plainfield Ave. in Grand Rapids and 3817 Cork St. in Kalamazoo are listed as permanently closed after being removed from the chain’s website, with one former employee citing prolonged heating failures. Both sites were operated by franchise owner Denn-Ohio, which filed for Chapter 11 in 2023 and previously owned multiple Midwest locations; the Kalamazoo property was sold Jan. 16 for $1.6 million. The closures add to roughly 150 Denny’s shutdowns over two years amid recent ownership changes after the brand was acquired last month by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises for $620 million. » Więcej na yahoo.com

Weeks after a $620 million take-private deal led by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises, Denny’s is continuing a planned closure of underperforming locations, targeting roughly 150 stores by year-end. The company said the closures are part of a multi-year strategy to rationalize the franchise portfolio, boost average unit volumes and return to flat-to-positive system growth by 2026. Denny’s reported slightly higher quarterly revenue year-over-year but a 1.3% decline in same-restaurant sales for the period cited. » Więcej na finance.yahoo.com