On January 16, 2026, Denny’s went private in a roughly $620 million transaction as its shares stopped trading at $6.25, marking a strategic shift for the chain. The move followed weaker results, including Q3 2025 U.S. same-store sales down 2.9%, and plans to close 70–90 locations by the end of 2025.

The Denny’s goes private deal and related Denny’s store closures reflect efforts to prioritize profitability. Announced in November 2025 as an all-cash offer at $6.25 per share, the proposal passed by an overwhelming margin. The company reported 1,459 Denny’s and 78 Keke’s units as of September 24, 2025, amid competitive pressure, higher costs, reduced hours, and franchise uncertainty.