Spartanburg, SC, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The time for all to gather and make memories has arrived and Denny’s is ready to help you celebrate with the return of its popular take-home Holiday Turkey Bundle, starting at $54.99*. For a limited time, guests who want to host a hassle-free Thanksgiving celebration at a great value can count on Denny’s. Beginning Friday, November 22, at 9 a.m. EST through Wednesday, November 27, at 6 p.m. EST guests can pre-order the Holiday Turkey Bundle online at Denny ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 25, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ________________ Commission File Number 0-18051 DENNY'S CORPORATION (Exact name of registrant as specified in its charter) Delaware 13- ...

Spartanburg, SC, Oct. 29, 2024 (GLOBE NEWSWIRE) -- As temperatures drop and the leaves fall, Denny's, America's Diner, will unveil new menu items starting tomorrow, October 30. Guests in search of craveable, one-of-a-kind breakfast entrees can enjoy the new Braised Beef Skillet, the new Cali Taco Skillet or a guest favorite, the Santa Fe Skillet – all brought to you tableside on a sizzling cast-iron skillet. Guests can also satisfy their sweet tooth with new Maple Stuffed Donut Holes, made perfect for shari ...

Company Overview - Denny's Corporation held its first Investor Day for 2024 with the theme "Igniting Growth: The Rise of a New Day at Denny's" [2] - The event included presentations from key executives such as Kelli Valade (CEO), Patty Trevino (Chief Brand Officer), and Robert Verostek (CFO) [1] - The company emphasized its long-term growth plans and strategic outlook during the event [2] Industry and Market Context - The event attracted participation from various industry analysts and investors, including representatives from The Benchmark Company, Truist Securities, and KeyBanc Capital Markets [1] - The presence of franchise owners and executives from related companies like WKS Restaurant Group and Captuure, Inc highlights the collaborative nature of the industry [1] Strategic Focus - The theme "Igniting Growth: The Rise of a New Day at Denny's" suggests a focus on revitalizing the brand and driving future growth [2] - The company plans to share detailed stories and plans that align with its long-term outlook during the event [2]

Financial Data and Key Metrics Changes - Total operating revenue for the quarter was $111.8 million, with an adjusted company restaurant operating margin of 11.8% [30] - Adjusted EBITDA was reported at $20 million, with a CapEx of $7.8 million and earnings per share (EPS) of $0.14 [30] - The company tightened its sales guidance range and increased the expected closures from 40-60 to 75-95 locations [31] Business Line Data and Key Metrics Changes - Denny's brand saw sequential sales improvement: flat sales in July, a decline of 1.7% in August due to weather, and a positive 1.1% in September [16][17] - Keke's Breakfast Cafe experienced a decline of 1% but showed sequential improvements despite being impacted by storms [22] - The launch of the $2, $4, $6, $8 value menu contributed to a sales increase of approximately 2% to 2.5% [96] Market Data and Key Metrics Changes - The company reported a sequential improvement of 50 basis points in Denny's brand performance and over 350 basis points for Keke's brand [29] - California markets outperformed system-wide results, indicating strong regional performance [97] Company Strategy and Development Direction - The company aims to reignite value leadership and take back breakfast with a focus on core menu optimization and off-premise growth [50][86] - The acquisition of Keke's Breakfast Cafe is seen as a significant growth opportunity, with over 140 signed agreements for new locations [28][56] - The company is implementing a remodel program called Diner 2.0 to enhance customer experience and drive sales [21] Management's Comments on Operating Environment and Future Outlook - The management acknowledged a volatile economic environment but expressed optimism about the company's initiatives and strategies [8][33] - There is a recognition of the challenges faced by lower-income households, which are more affected by economic conditions [39][40] - The management believes that the Denny's brand remains culturally relevant and is focused on improving guest experiences [42][68] Other Important Information - The company is leveraging its shared services model to optimize operations across both Denny's and Keke's brands [48] - The introduction of virtual brands, such as Banda Burrito, is part of the strategy to capture incremental guests [19][60] Q&A Session Summary Question: What are the expected impacts of the new value menu? - The $2-$4-$6-$8 value menu has already shown a sales lift of approximately 2% to 2.5%, indicating positive reception from customers [96] Question: How is the company addressing the challenges in the current economic environment? - The management is focusing on controlling what they can, implementing strategic closures, and optimizing the guest experience to navigate the tough environment [31][33] Question: What are the growth plans for Keke's Breakfast Cafe? - Keke's has over 140 signed agreements for new locations, with plans to expand beyond Florida, indicating strong growth potential [28][56]

How do you get a family restaurant back on track? That's the billion-dollar question. With cumulative traffic down 20.6% since 2019, the segment is struggling to I'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans mu ...

Denny’s Corporation will close 150 of its Denny's restaurants. The company, which owns the Denny’s and Keke’s Breakfast Cafe chains, said those Denny’s locations will close by the end of 2025.Dozens of those 150 restaurants will close this year, according to an investor day presentation published Tuesday by the company. Other domestic Denny’s locations will undergo "rehabilitation" through various strategies, including their potential acquisition by "stronger operators," according to the investor day presen ...

Denny’s is slimming down.The budget-friendly, and belly-busting chain, will close 150 underperforming locations over the next year, cut hours of operation and slash its vast menu as financially-pressed diners cut back on spending, the company said Tuesday.Denny’s, which has about 1,500 locations around the country, will shutter 50 outposts by the end of the year and the remaining 100 in 2025, according to top brass.The stores that are closing are all “underperforming restaurants” that are either too old to ...

Denny's (DENN) reported $111.76 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.1%. EPS of $0.14 for the same period compares to $0.17 a year ago.The reported revenue represents a surprise of -3.56% over the Zacks Consensus Estimate of $115.88 million. With the consensus EPS estimate being $0.16, the EPS surprise was -12.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Denny's (DENN) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this restaurant operator would post earnings of $0.17 per share when it actually produced earnings of $0.13, delivering a surprise of -23.53%.Over the last four quarters, the co ...