Denny's stock plunges 22% amid plans to close underperforming restaurants, despite a slight sales increase.

Denny's stock fell 22% on February 14, 2024, after reporting poor fourth-quarter results. The company plans to close 70 to 90 underperforming restaurants in 2025, while aiming to open 25 to 40 new ones, including locations for its Keke's brand. Despite challenges, Denny's reported a 1.1% increase in same-restaurant sales for Denny's and 3.0% for Keke's in the fourth quarter.

6 weeks ago
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