Twenty-four-hour diner and breakfast restaurant Denny’s recently announced the closure of 150 branches out of its 1,700 locations worldwide. Fifty of these closures are going to take place by the end of this year and the remaining 100 locations will be shut down in 2025.
“We believe this is absolutely the right thing to do to make our system stronger,” Denny’s CEO Kelli Valade said. According to a Securities and Exchange filing from the chain on Tuesday, October 22nd, the company seeks to improve its cash flow as the chain will try to reach a goal of growing annual unit volume sales to $2.2 million.
Executive Vice President and Chief Global Development Officer Stephen Dunn told investors at the meeting: “Some of these restaurants can be very old. So, when you think of a 70-year-old plus brand, you have a lot of restaurants that have been out there for a very long time.”
Meanwhile, Denny’s reported its fifth straight quarter of declines in sales at locations that were open for at least a year. Since the Wuhan coronavirus (COVID-19) pandemic, the restaurant has not returned to its usual around-the-clock hours in around a quarter of its locations. Because of this, the chain has now officially slashed its hours. This came after Dunn said it “didn’t make sense” especially since foot traffic and changing consumer behaviors continue to show as effects from the pandemic. –Natural News
Inflation is likely taking its toll on restaurants too. Neil Saunders, the managing director of GlobalData’s United States retail and consumer division, told Business Insider that although restaurant spending is forecast to grow by almost five percent in 2024, this is predominantly driven by higher prices and inflation. “Generally, the family dining segment where Denny’s sits is more pressured as families have been hit hard by inflation and so are dining out less or are trimming spending when they do eat out,” he said.
It could be Denny’s use of toxic ingredients too. As humanity wakes up to the lies we’ve been told to pad big food and big pharma’s pockets, fewer will be eating at places that cook in seed oils or use other food-like products.
Denny’s uses a blend of vegetable oils, specifically soybean, canola, and cottonseed oil, in their fryers. They also season their grills with vegetable oil from their fryers. Additionally, Denny’s has made a commitment to using 100% vegetable oil for frying, which was highlighted in a study published in 2019.
Denny’s uses oil or dairy-free liquid margarine in most of their cooking, rather than dairy butter.-Go Dairy Free
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Luckily, the ruling class has a solution to all of the people waking up to the disastrous food industry:
The Overhyped Threat of a Human Bird Flu Pandemic is a Hoax to “Reset” Our Food System
Read the full article here
