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DENN
New York Post
186 days

Denny's to close nearly 30 more locations as inflation, bird flu slams chain

1. Denny's plans to close up to 178 restaurants due to inflation pressures. 2. CEO highlights that closures will help franchisee cash flow for renovations. 3. Inflation and severe weather negatively impacted sales performance. 4. Egg prices surged by 15.2% recently, affecting breakfast menu costs. 5. Rival Waffle House implemented a surcharge for eggs to manage costs.

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FAQ

Why Very Bearish?

Increasing closures indicate major operational challenges, affecting investor confidence; similar prior downturns led to stock declines.

How important is it?

Significant impacts on operations and sales forecasts directly tie to DENN's financial health.

Why Short Term?

Immediate closures and inflation pressures will likely impact sales and profitability soon.

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