AdvertisementDenny's is the latest casualty of the squeeze on family dining chains, announcing this week that it plans to close about 150 locations before 2026.
"We believe this is absolutely the right thing to do to make our system stronger," Denny's CEO Kelli Valade told investors.
"Everyone has lost traffic," Denny's CEO Valade said.
The turn toward takeoutThe rise in takeout has also impacted family dining as more customers look to order food in rather than go out.
"They are drawing customers away from traditional family dining establishments," Puzhakov said.
Persons:
—, Kelli Valade, Valade, Gregg Majewski, Neil Saunders, Tomas Gorny, Gorny, Elijah Puzhakov, Puzhakov
Organizations:
Service, Securities, Exchange, Craveworthy Brands, McDonald's, KFC
Locations:
Olive, takeout