As of April 2024, the company operates 265 locations in Arizona, Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, North Dakota, Ohio, Oklahoma, Ontario, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

In August 1979, Perkins became a wholly owned subsidiary of Memphis-based Holiday Inn, and the corporate headquarters were established in Memphis, Tennessee.

The company was renamed Perkins Family Restaurants in 1987 and was organized into a master limited partnership with interests publicly traded on the New York Stock Exchange.

[citation needed] In 2005, TRC was acquired by Castle Harlan, a private equity investment firm based in New York City, for approximately $245 million.

[10][11] On August 5, 2019, its parent company Perkins & Marie Callender's filed for bankruptcy while announcing the closure of 29 of their under-performing restaurants.

[16] On May 10, 2023, a health inspector shut down the Urbana, Illinois location after a fourth consecutive inspection found refrigerated food being stored at unsafe temperatures.