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DENNY'S CORP - DENN STOCK NEWS

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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.

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Denny’s Corporation (DENN) appoints FINN Partners as public relations agency of record and Mindshare as U.S. media agency of record. The 70th anniversary of Denny’s will be celebrated with a focus on elevating the brand through creative storytelling, photography, video, and more, showcasing its impact on communities and its core customers.
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Denny's (DENN) announces nine permanent menu additions, including Brioche French Toast Slam, Strawberry Stuffed French Toast Slam, and Sweet Cream Cold Brew, just in time for the holidays. The menu also includes HERSHEY'S Chocolate Pancake Puppies, Egg-Cellent Grilled Chicken Cobb Salad, and Let's Cobb Salad. Denny's is excited to bring these new menu options to breakfast lovers and guests.
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Denny's announces the recipients of the 2023 Denny's Franchisee Awards, celebrating franchisees' business performance, operational leadership, staff inspiration and training, marketing, technical developments, and community philanthropy.
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Denny’s (NASDAQ: DENN) will be offering a free Original Grand Slam breakfast to all active and retired military personnel on Veterans Day as a thank you for their service. The offer is valid for dine-in only at participating locations from 5 a.m. to noon on November 10, 2023, with a valid military ID or DD 214.
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Denny's is offering a Turkey & Dressing Dinner Bundle for Thanksgiving, available for pre-order from November 17 to November 22. The bundle includes turkey breast, stuffing, mashed potatoes, gravy, cranberry sauce, and a choice of side. Additional sides and seasonal pies are also available. Denny's is promoting a gift card promotion on Black Friday, where customers can receive $10 worth of bonus cards with a $25 purchase of gift cards.
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Denny's Corporation (NASDAQ: DENN) reported a 1.8% increase in Denny's domestic system-wide same-restaurant sales and 15.5% growth in Adjusted EBITDA during Q3 2023. The company opened eight franchised restaurants and completed four Denny's franchised restaurant remodels. Total operating revenue was $114.2 million, and net income was $7.9 million. The company repurchased $16.5 million of common stock. The full-year 2023 guidance includes a projected same-restaurant sales growth of 2.75% to 3.50% and consolidated Adjusted EBITDA between $85 million and $87 million.
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Denny's launches limited-edition Salted Caramel Banana Pancakes for the holiday season. Other holiday menu items include Turkey & Dressing Dinner, Pecan Pie, and Pumpkin Pie.
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Denny’s Corporation hires Pankaj Patra as Chief Digital and Technology Officer
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Denny’s Corporation to announce Q3 financial results on October 30, 2023
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Denny’s and Getty Images announce two recipients of the Denny’s x Getty Images Hungry for Education Stipend for HBCU students. Each student received $1,250 stipends for their work in photo research and digitization. The program commits $500,000 towards the digitization of HBCU photographic archives.
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FAQ

What is the current stock price of DENNY'S (DENN)?

The current stock price of DENNY'S (DENN) is $6.25 as of November 22, 2024.

What is the market cap of DENNY'S (DENN)?

The market cap of DENNY'S (DENN) is approximately 323.4M.

What does Denny's Corporation do?

Denny's Corporation operates one of America's largest franchised full-service restaurant chains, offering a variety of hearty meals 24/7 under the Denny's and Keke's Breakfast Cafe brands.

How many restaurants does Denny's operate?

As of December 27, 2023, Denny's operates 1,573 restaurants globally, with 1,508 franchised and licensed and 65 company-operated. Keke's operates 58 restaurants, with 50 franchised and 8 company-operated.

What are Denny's main revenue sources?

Denny's generates revenue primarily from food and beverage sales and the collection of royalties, advertising revenue, initial and other fees from franchised restaurants.

How did Denny's perform financially in the recent quarter?

Denny's reported total operating revenue of $110.0 million for the first quarter of 2024, with an adjusted net income per share of $0.11. The company ended the quarter with $271.4 million in total debt.

What recent partnerships has Denny's entered?

Denny's has recently entered an agreement with Franklin Junction, which will partner with at least 250 domestic Denny’s restaurants to accelerate market presence through the Host Kitchen® platform.

What are Denny's future growth initiatives?

Denny's plans to expand Keke's outside Florida, launch a third virtual brand Banda Burrito, and reignite its remodel program to drive incremental sales and margins.

Who is the CEO of Denny's Corporation?

Kelli Valade is the Chief Executive Officer of Denny's Corporation.

What was Denny's same-restaurant sales growth in the fourth quarter of 2023?

Denny's reported a 1.3% increase in domestic same-restaurant sales for the fourth quarter of 2023.

How does Denny's plan to improve its market presence?

Denny's plans to improve its market presence through strategic partnerships, expanding its menu offerings, and enhancing customer convenience with off-premises options.

How can investors access information about Denny's Corporation?

Investors can access information about Denny's Corporation, including news releases and financial data, through the Investor Relations section of the company's website at investor.dennys.com.

DENNY'S CORP

Nasdaq:DENN

DENN Rankings

DENN Stock Data

323.37M
49.78M
2.73%
83.74%
3.71%
Restaurants
Retail-eating Places
Link
United States of America
SPARTANBURG