Denny’s full-year net income increased on the back of opening 14 franchised restaurants and closing 88 stores as part of its planned acceleration of lower-volume restaurant shut down.

The company’s net income grew 8.2 per cent to $21.6 million while revenue decreased 2.5 per cent to $452.3 million in the last fiscal year ended December 25.

Company restaurant sales fell 1.7 per cent to $211.8 million while franchise and license revenue slid 3.2 per cent to $240.6 million.

During the year, the company opened a record 12 Keke’s stores while expanding into six states.

“Looking ahead to 2025, there is still work to be done within our brands, particularly as we navigate near-term consumer sentiment that has been affected by macroeconomic factors,” said Kelli Valade, Denny’s Corporation CEO.

For the current fiscal year, the company expects 25 to 40 consolidated restaurant openings and 70 to 90 consolidated restaurant closures.