Just weeks after announcing a $620 million buyout of the company, Denny’s is shuttering more locations.
SFGATE reported a Bay Area closure, and reports said the beloved diner chain is following through on its pre-buyout plan of shuttering around 150 stores before the year’s end. Denny’s announced back on Nov. 3 that it was being taken private in a buyout by a group that including TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises.
Per Stockwits , Yadav is one of Denny’s largest franchisees. The outlet said stockholders are set to receive $6.25 per share in the deal.
According to the company’s August earnings report , revenue was up ($117.7 million) versus the same quarter in 2024 ($115.9 million). However, the company’s system-wide same-restaurant sales were

SIAdvance

America News
Benzinga
Business of Home
Reuters US Economy
Reuters US Business
CNBC Investing
Star Beacon
The Daily Sentinel
Raw Story