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 a limited-time promotion offering free delivery on digital orders through its website and mobile apps until December 19, 2021. This initiative aligns with its partnership with Warner Bros' The Matrix franchise, enhancing its digital transformation. Customers can access personalized 'glitches' leading to exclusive offers via the Denny's Rewards program. Additional Matrix-inspired deals will be available until January 4, 2022. As of September 29, 2021, Denny's operates 1,647 locations worldwide.
Denny's announces a unique partnership with Warner Brothers to promote the fourth installment of The Matrix franchise. Starting Cyber Monday, November 29, 2021, Denny's Rewards members will access personalized, Matrix-themed offers through the Denny's app. The five-week promotion includes perks like free menu items and delivery discounts. This initiative aims to enhance Denny's digital transformation and customer experience, culminating on January 4, 2022. The Matrix Resurrections film releases in theaters and on HBO Max on December 22, 2021.
Denny's Corporation (NASDAQ: DENN) will attend the Stephens Annual Investment Conference on December 2, 2021, at the Omni Nashville Hotel. CEO John Miller will present at 11:00 a.m. Central Time. Investors can access a live audio webcast of the event on the company's Investor Relations website. As of September 29, 2021, Denny's operates 1,647 franchised and company restaurants globally, including locations in Canada, Puerto Rico, and various countries across continents. Further details and the latest presentations are available on their website.
Denny's has reintroduced its popular Turkey & Dressing Dinner Pack, available for online ordering until November 24, 2021, at 6 p.m. EST. The meal serves four and includes turkey, stuffing, mashed potatoes, gravy, cranberry sauce, and steamed broccoli or corn, ready to heat and serve. Denny's restaurants will also be open for Thanksgiving Day dining, offering a safe environment and favorite menu items. Customers can enjoy the traditional dinner and seasonal desserts like Pumpkin Pie or the new Pecan Panookie. The dinner packs must be ordered at least 24 hours in advance.
Denny's Corporation (NASDAQ: DENN) reported a 44.9% increase in total operating revenue to $103.8 million for Q3 2021, primarily driven by COVID-19 recovery. Domestic same-store sales decreased by 0.1% compared to 2019 but rose 50.2% year-over-year. Operating income surged to $17.7 million from $3.2 million. Net income reached $12.3 million, or $0.19 per diluted share. Denny's launched a revamped website and app, and started a credit facility refinancing. The company anticipates a 5% decline in same-store sales compared to 2019 for full year 2021.
Waitr Holdings Inc. (NASDAQ: WTRH) has partnered with Denny’s Corporation (NASDAQ: DENN) to enhance its food delivery services. The agreement allows Waitr, along with Bite Squad and Delivery Dudes, to deliver from nearly 400 Denny’s locations across the United States, from Florida to Hawaii. This expansion includes a new virtual brand, The Burger Den. Waitr aims to increase delivery options and hours to improve customer access to meals, particularly breakfast and late-night orders. The move is designed to boost service for restaurants and delivery drivers.
On Veterans Day, Denny's will offer a complimentary Build Your Own Grand Slam to all active, inactive, and military personnel, continuing its tradition of honoring veterans. This customizable breakfast includes options like pancakes, eggs, and bacon and is available from 5 a.m. to noon at participating locations with a valid military ID. Additionally, Denny's will launch its second annual Heroes Tour, delivering free hot meals to veterans. The company emphasizes safe dining practices to provide a quality experience.
Denny's Corporation (NASDAQ: DENN) will release its third-quarter financial results on November 2, 2021, after market close. A conference call is scheduled for the same day at 4:30 p.m. ET to discuss the results. As of June 30, 2021, Denny's operated 1,645 restaurants globally, including locations in Canada, Mexico, and the UK. Investors can access the conference call live via the Denny's Investor Relations website.
Denny's has announced a significant digital transformation, launching a revamped website, Denny's on Demand, and a new mobile app as of September 23, 2021. The platforms aim to enhance guest experience with features like personalized profiles, a streamlined ordering process, and digital wallets for rewards. Denny's positions itself to improve customer engagement and increase transaction sizes. The initiative is part of a broader long-term strategy to redefine dining for modern families.
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?
