This is John Bachelor, conversation with my colleague Christopher Regal of scholar.com about the news

that 10% of Denny's the popular restaurant fleet is closing.

10% and many of those stores are seen as underperforming.

What does this mean about the American sense of inflation at the grocery store?

Chris tells me very carefully it connects exactly to the sense of

frustration that part of the population has felt these last years of rising prices

without comparable wage rise. Here's Chris Regal of

scholar to tell us not only about Denny's but about all the restaurant

chains in America under pressure because of pricing.

More of this later tonight.

Well, John, it's a combination you have in many of those chains private equity and you have high levels of debt on the chains so

the high interest rates certainly hurt them there but also changing trends the

restaurant industry is a very, very aggressive industry.

They're always brands on the rise,

brands that are falling, and these debt problems and inflation problems

and the pressure on the consumer are just accelerating those cycles.

Unfortunately, we've probably not seen the end of it,

and it would be very safe to say in the next one, three, six months,

you'll see more staples of the American dining experience like a Denny's like a TGI Fridays, like a red lobster,

signaling trouble, but that's a signal of the larger economic challenges to the second.