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Financial Impact and Operational Goals. For the third quarter — which ended Sept. 29 — Wendy’s reported a net income of $50.2 million, or 25 cents per share, which was down from $58 million ...
To offer a bit more insight, the restaurants that Denny’s has already closed each had average unit volumes of under $1.1 million. These locations had been open for upwards of 30 years.
Luby’s. This cafeteria-style buffet has a long, storied history in its home state of Texas. The first Luby’s opened in the ’40s, and the chain ballooned to more than 200 locations in the mid ...
As of March 1, Bloomin’ Brands has more than 1,450 restaurants in 47 states, Guam and 13 other countries. This includes 673 Outback Steakhouses in the U.S., according to a location breakdown on ...
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A restaurant that is to-go only due to laws created to stop the spread of the coronavirus. In March 2020, restaurants' daily traffic dropped precipitously as the virus spread, compared to the same period in 2019. [25] According to NPR's Yuki Noguchi, "Just about every restaurant nationwide has been hit hard at once, making this disaster unique."
Denny's plans to close 150 locations as the company looks to strengthen its cash flow. Fifty lower-performing restaurants will close by the end of 2024, while the remaining 100 will shut down next ...
(NEXSTAR) — Wendy’s is closing roughly 140 underperforming locations by the end of 2024, the company announced during an earnings call on Thursday. “This initiative makes us even stronger ...