Denny맥스카지노�s is closing about 30 more restaurants than previously announced` as part of the struggling diner chain맥스카지노�s plans to jumpstart growth.The additional closures come after Denny맥스카지노�s announced last year it was shutting the doors for 150 locations. In an earnings release Wednesday, the company revealed it closed 88 locations last year and will shutter between 70 and 90 locations in 2025, bringing the figure closer to 180 closures.A specific list of locations wasn맥스카지노�t immediately revealed. However, Denny맥스카지노�s said some of the diners closing were selected because they have expiring leases, have been open for more than 30 years 맥스카지노� making them too expensive to remodel 맥스카지노� or are in areas that have become unprofitable.맥스카지노�In any mature brand, when restaurants have been open that long, it is natural that trade areas can shift over time,맥스카지노� said Denny맥스카지노�s Chief Financial Officer Robert Verostek. 맥스카지노�Accelerating the closure of lower-volume restaurants will improve franchisee cash flow and allow them to reinvest into traffic-driving initiatives like our tested and proven remodel program.맥스카지노�Remodeled restaurants did indeed see a 6.5% increase in traffic over the year. However, the company renovated only 23 locations in 2024, which is a small portion of the 1,300 locations it has across the United States.Denny맥스카지노�s has struggled in recent years because of inflation and rising food costs. Sales in January and February nosedived following a strong end to 2024 because of 맥스카지노�consumer uncertainty that we are seeing at the moment,맥스카지노� Verostek said.A new inflation report shows that consumer prices rose 0.5% from December to last month, bringing the annual inflation rate to 3% for the 12 months that ended in January. That맥스카지노�s causing a lot of 맥스카지노�volatility here in February맥스카지노� for Denny맥스카지노�s, Verostek said, and as a result the company released 맥스카지노�really ultra conservative guidance맥스카지노� for the year.Shares of Denny맥스카지노�s closed nearly 25% lower Wednesday and are down about 50% since a year ago.