Welcome to our dedicated page for DENNY'S news (Ticker: DENN), a resource for investors and traders seeking the latest updates and insights on DENNY'S stock.
Denny's Corporation (NASDAQ: DENN), based in Spartanburg, S.C., is one of America's largest franchised full-service restaurant chains. Known for its all-American diner experience, Denny's has been an iconic brand for over 60 years, offering a wide array of hearty meals 24/7, every day of the year. The company operates two key brands: Denny's and Keke's Breakfast Cafe. As of December 27, 2023, Denny's boasts 1,573 global restaurants, with 1,508 franchised and licensed locations and 65 company-operated venues. Keke's, meanwhile, has 58 restaurants, 50 of which are franchised and 8 company-operated.
Denny's generates revenue through food and beverage sales and collects royalties, advertising revenue, initial and other fees from franchised restaurants. The brand is synonymous with comfort food, offering pancakes, appetizers, sandwiches, salads, breakfast melts, and omelets.
In recent news, Denny's reported a 1.3% increase in domestic system-wide same-restaurant sales for the fourth quarter of 2023, despite a challenging operating environment. For the entire fiscal year, domestic system-wide same-restaurant sales grew by 3.5% compared to the previous year.
The company recently entered an expansive agreement with Franklin Junction to accelerate its market presence through the Host Kitchen® platform. This partnership aims to enhance delivery capabilities and extend Denny's reach in the digital-first world.
Denny's financial condition remains robust, with total operating revenue at $110.0 million for the first quarter of 2024. The company ended the quarter with $271.4 million of total debt, including $261.2 million of borrowings under its credit facility. Adjusted net income per share for the quarter was $0.11.
Future initiatives include expanding Keke's outside Florida, launching a third virtual brand, Banda Burrito, and reigniting Denny's remodel program. The company's focus on strategic levers like best-in-class breakfast offerings, unbeatable value propositions, and off-premises convenience is expected to drive further growth.
Denny's announces the return of its Holiday Turkey Bundle starting at $54.99, available for pre-order from November 22 through November 27. The bundle, serving up to four people, includes carved turkey breast, stuffing, mashed potatoes, gravy, cranberry sauce, and a choice of side. Additional seasonal offerings include the Turkey Feast Sandwich and Turkey and Dressing Dinner, available through January 7. The company also announces a Black Friday gift card promotion: customers purchasing $25 in gift cards will receive a $10 digital coupon. Christmas Turkey Bundles will be available for pre-order from December 16 through December 23.
Denny's is offering a FREE Original Grand Slam® breakfast to active and retired military personnel this Veterans Day, November 11, 2024, from 5 a.m. to noon at participating locations nationwide. The complimentary meal includes two buttermilk pancakes, two strips of applewood smoked bacon, two sausage links, and two eggs cooked to order.
Veterans and active-duty military must present a valid military ID or DD 214 for the dine-in only offer. This initiative reflects Denny's commitment to supporting communities, with many franchise owners and staff being veterans themselves, including President and COO Chris Bode.
Denny's announces new fall menu items launching October 30, featuring three sizzling breakfast skillets: the new Braised Beef Skillet, Cali Taco Skillet, and the returning Santa Fe Skillet. The menu expansion includes new Maple Stuffed Donut Holes and the Berry Waffle Slam®, featuring Liège-style waffles with seasonal berries. The company continues offering its $2 $4 $6 $8 Value Menu with classics like All You Can Eat Pancakes and the Everyday Value Slam®. All items are available nationwide for dine-in, carryout, or delivery.
Denny's (NASDAQ: DENN) reported results for Q3 2024 and hosted an Investor Day. Key highlights include:
- Total operating revenue: $111.8 million (down from $114.2 million in Q3 2023)
- Denny's domestic system-wide same-restaurant sales: -0.1%
- Net income: $6.5 million, or $0.12 per diluted share
- Adjusted EBITDA: $20.0 million
The company outperformed the BBI Family Dining index for the third consecutive quarter, driven by the relaunch of its $2-$4-$6-$8 value menu and expansion of off-premises dining. Keke's experienced significant sequential improvement in same-restaurant sales. The company updated its full-year 2024 outlook, expecting Denny's domestic system-wide same-restaurant sales between -1% and 0%, and Adjusted EBITDA between $81 million and $84 million.
Denny's (NASDAQ: DENN), owner of Denny's and Keke's, has announced the timing for its third quarter 2024 financial results. The company will release its results for the quarter ended September 25, 2024, on Tuesday, October 22, 2024, before the markets open. Following the release, senior management will host a webcast at 9:00 a.m. Eastern Time on the same day.
Investors and interested parties can access the live webcast through the Investor Relations section of Denny's 's website at investor.dennys.com. For any questions, the company's Investor Relations Department can be contacted at 877-784-7167.
Denny's Inc. (NASDAQ: DENN) has announced two key leadership appointments to drive innovation and operational excellence. Minh Le has been named senior vice president and chief technology officer, effective September 23, while Christopher Bode will return as president and chief operating officer, effective September 30.
Le, with over 25 years of experience in restaurant technology, will oversee the entire technology ecosystem for both Denny's and Keke's Breakfast Café. Bode, who previously served as Denny's COO from 2014 to 2022, will oversee operations, marketing, finance, and HR for corporate and franchise restaurants.
These appointments reflect Denny's commitment to enhancing its technological infrastructure and operational excellence across the brand. CEO Kelli Valade expressed enthusiasm for the new leadership, emphasizing their potential to drive the business forward with innovation and excellence.
Denny's returns as Title Sponsor of the 2024 Orange Blossom Classic for the fourth year, celebrating HBCU culture and community. The 91-year-old event culminates with a football game on September 1 at Hard Rock Stadium, featuring North Carolina Central University Eagles against Alabama State University Hornets.
The partnership highlights Denny's Hungry for Education scholarship program, which has awarded over $2 million to date. It aligns with the Denny's Community Alliance, a $3.3 million initiative fostering social change. The event includes various activities like a pickleball tournament, step show competition, HBCU mixers, and a 5K run/walk. Denny's will host the Battle of the Bands showcase and a family-friendly fan zone. The game will broadcast on ESPN.
Denny's has launched its 14th annual No Kid Hungry fundraiser from August 21 to October 29, 2024, across U.S. restaurants. Guests can contribute by rounding up checks, donating at registers, or giving online. A $3 donation earns a $15 coupon sheet for future visits. CEO Kelli Valade emphasized the importance of addressing childhood hunger, which can impact a child's life trajectory.
Since 2011, Denny's has raised $13.6 million for No Kid Hungry. The campaign supports educators and lawmakers in ensuring children have access to meals. Valade has also joined the No Kid Hungry CEO Pledge to End Summer Hunger, advocating for expanded summer meal programs that could benefit up to 30 million children nationwide.
Denny's has announced a partnership with the upcoming film Beetlejuice Beetlejuice, coinciding with the return of its popular $2 $4 $6 $8 Value Menu. The revamped menu, available nationwide from August 21, 2024, includes new dishes like the Say It Three Times Slam® for $8.99. Denny's has also introduced an Afterlife Menu inspired by the film, featuring items like the Afterlife Melt and Beetlejuicy Burger.
The Value Menu now includes $10 options and offers a range of dishes from pancakes to burgers. The -time Afterlife Menu will be available until October 29, 2024. Denny's is also sponsoring the Beetlejuice Beetlejuice: The Afterlife Experience, an immersive event starting August 23.
Denny's is expanding its popular virtual brand, Banda Burrito, to nearly 1,000 locations nationwide. This Cali-Mex-inspired concept offers convenient and delicious burritos for delivery or carryout, available 24/7. The menu features eight signature handhelds that combine traditional breakfast staples with Cali-Mex fillings, including options like El Desvelado (carne asada), El Chamuco (chorizo), and El Tejano (brisket).
Banda Burrito aims to diversify Denny's menu offerings and increase its reach to dinner and late-night customers. This expansion is part of Denny's strategy to adapt to changing consumer preferences, particularly among younger diners who prefer off-premise options.
FAQ
What is the current stock price of DENNY'S (DENN)?
What is the market cap of DENNY'S (DENN)?
What does Denny's Corporation do?
How many restaurants does Denny's operate?
What are Denny's main revenue sources?
How did Denny's perform financially in the recent quarter?
What recent partnerships has Denny's entered?
What are Denny's future growth initiatives?
Who is the CEO of Denny's Corporation?
What was Denny's same-restaurant sales growth in the fourth quarter of 2023?
How does Denny's plan to improve its market presence?
How can investors access information about Denny's Corporation?
