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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 (NASDAQ: DENN) reported its Q4 and full-year 2024 results. Q4 total operating revenue was $114.7 million, slightly down from $115.4 million in the prior year. Q4 net income reached $6.8 million, or $0.13 per diluted share.
For Q4, Denny's domestic system-wide same-restaurant sales increased by 1.1%, while Keke's saw a 3.0% rise. The company completed 23 Denny's remodels throughout 2024 and achieved record Keke's expansion with 12 new cafes across six states.
Full-year 2024 performance showed total operating revenue of $452.3 million, down from $463.9 million in 2023. The company's net income for 2024 was $21.6 million, or $0.41 per diluted share. For 2025, Denny's projects domestic system-wide same-restaurant sales between -2.0% and 1.0%, with planned consolidated restaurant openings of 25 to 40 and closures between 70 and 90.
Denny's (DENN) announces free wedding ceremonies at its Las Vegas Chapel on Valentine's Day 2025. The promotion, available at the Fremont Street location from 9:00 a.m. to 5:00 p.m. PT, offers couples the complete wedding package (normally priced at $199) at no cost. The package includes an officiant, music, custom pancake cake, professional photography, floral decor, and branded merchandise.
The Denny's Wedding Chapel, which has married thousands of couples since 2019, is introducing a special surprise for 2025 with the possibility of having an Elvis-themed officiant. Chief Brand Officer Patty Treviño emphasizes the company's commitment to creating memorable experiences for couples, including a complimentary breakfast the following morning. While reservations are recommended through dennys.com, walk-ins will be accepted based on availability.
Denny's (DENN) announces a -time promotional offer of $10 off any $30 order from February 5 to February 11, 2025, coinciding with the Big Game. The offer is available for both dine-in and to-go orders through dennys.com/10-off-30 and Denny's mobile apps.
The promotion showcases various game day menu items including Boneless Chicken Wings, Mozzarella Cheese Sticks, Premium Chicken Tenders, Zesty Nachos, Maple Stuffed Donut Holes, and the Classic Sampler. Additionally, Denny's Rewards members will receive free coffee on Monday, February 10, 2025.
The offer is valid at participating Denny's locations nationwide but cannot be combined with other promotions or accessed through third-party delivery apps.
Denny's (NASDAQ: DENN), which owns and operates Denny's and Keke's, has scheduled the announcement of its fourth quarter and full year 2024 financial and operating results. The results will be released on Wednesday, February 12, 2025, before market opening.
The company will host a conference call with senior management at 8:30 a.m. Eastern Time on the same day to discuss the results and address questions. Investors can access the live broadcast through the Investor Relations section of Denny's website at investor.dennys.com. The company's Investor Relations Department is available for questions at 877-784-7167.
Denny's (NASDAQ: DENN) has released preliminary results for Q4 and fiscal year 2024. In Q4, Denny's domestic system-wide same-restaurant sales increased by 1.1%, while Keke's saw a 3.0% rise. The company closed 30 Denny's restaurants as part of planned lower-volume location closures and completed six Diner 2.0 remodels.
For fiscal year 2024, Denny's domestic system-wide same-restaurant sales decreased by 0.2%, and Keke's saw a 1.7% decline. The company opened 14 franchised Denny's restaurants and achieved a record 12 Keke's openings, expanding to six different states. Keke's notably entered four new states including California, Colorado, Nevada, and Texas. The company ended 2024 with $261.3 million in borrowings and expects to achieve the low end of its previously communicated Adjusted EBITDA guidance range of $81-84 million.
Denny's has announced a special initiative offering free Original Grand Slam breakfasts and coffee to first responders in uniform at 164 locations across Greater LA, Orange County, and Inland Empire areas. The offer, running from January 11 through January 19, 2025, is available for dine-in only and extends to firefighters, police officers, EMT, National Guard, and frontline workers involved in combating Southern California fires.
The promotion is subject to local safety guidelines and curfews, with restaurant availability checkable through Denny's website location finder. This initiative serves as Denny's response to support emergency personnel working to protect local communities during the ongoing fire situation in Southern California.
Denny's (NASDAQ: DENN), which owns and operates Denny's and Keke's, has announced its participation in the 27th Annual ICR Conference in Orlando, FL. The company's CEO, Kelli Valade, will engage in a fireside chat on Tuesday, January 14, 2025, at 10:30 a.m. Eastern Time.
Investors can access a live audio webcast of the fireside chat through the Investor Relations section of the company's website at investor.dennys.com. The webcast replay will remain available for approximately 90 days after the event. The company will also conduct investor meetings during the conference. For inquiries, investors can contact the company's Investor Relations Department at 877-784-7167.
Denny's has introduced three new menu hacks featuring their NEW Applewood Smoked Bacon ahead of National Bacon Day on December 30. The bacon-based items are marketed as hangover remedies, supported by University of Newcastle research suggesting bacon's proteins can help brain neurotransmitters function properly after drinking. The new bacon is smoked for four hours and paired with eggs, which contain amino acids that help break down alcohol enzymes.
The three menu hacks include: the Moons Over My Hangover (modified Moons Over My Hammy® with added bacon), the Quite the Lumberjack Slam® (featuring 8 bacon pieces), and the Slamburger™ Hangover Helper (a burger topped with hash browns, egg, bacon, and cheese).
Denny's (DENN) announces the return of its Holiday Turkey Bundle, starting at $54.99, available for pre-order from December 16 through December 23, 2024. The take-home bundle, designed to serve four people, includes turkey breast, stuffing, mashed potatoes, gravy, cranberry sauce, and a choice of side dish. Additional sides and desserts can be purchased separately.
Customers can pre-order through Dennys.com with 24-hour advance notice. The company is also offering in-restaurant holiday entrees like Turkey and Dressing Dinner and Turkey Feast Sandwich through January 7. The initiative aims to provide convenient holiday dining solutions for families during the festive season.
Denny's announced that its annual No Kid Hungry fundraiser raised $962,898 through guest donations from August to October 2024. Customers could 'round up' their bills, donate at registers, or give online at Dennys.com, receiving special offer coupons and supporter pinups in return. Since 2011, Denny's has raised over $14.5 million for the campaign. The company also operates a Mobile Relief Diner that has served more than 144,000 meals since 2017 to disaster-affected areas and underserved communities. Through its Hungry for Education scholarship program, Denny's has awarded nearly $2.5 million in scholarships to students.
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