Denny’s says it will close about 150 underperforming restaurants by the end of 2025 as part of a major restructuring effort aimed at stabilizing the brand and improving long-term performance.

The company hasn’t released a list of which locations will shut down, but says the closures are designed to “optimize the franchise system” and focus resources on stronger markets.

Denny’s planned the closures before a November 2025 buyout in which a consortium of private-equity firms and franchisees acquired the company, taking it private. Executives say the ownership change is intended to provide the financial flexibility needed for a long-term turnaround.

All closures are expected to be completed by the end of next year, and the company says more information about affected locations will be

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