Leadership Appointments - Denny's Inc. announced the appointment of Minh Le as senior vice president and chief technology officer, effective September 23, 2024, and Christopher Bode as president and chief operating officer, effective September 30, 2024 [1][4] - These appointments are part of Denny's strategy to enhance its technological infrastructure and operational excellence [1][5] Minh Le's Role and Experience - Minh Le will oversee the technology ecosystem for both Denny's and Keke's Breakfast Café, focusing on modernizing solutions to improve guest experiences and operational efficiencies [2][3] - Le has over 25 years of experience in technology transformations for major restaurant brands, including Checkers & Rally's and Darden Restaurants [2] Christopher Bode's Return - Christopher Bode returns to Denny's after serving as COO from 2014 to 2022, bringing extensive operational expertise and knowledge of the brand [3][4] - Bode will manage operations, marketing, finance, and HR for both corporate and franchise restaurants [3] Company Vision and Strategy - Denny's aims to build a comprehensive technology ecosystem to empower teams and enhance guest experiences [3] - The leadership changes are expected to drive innovation and maintain competitiveness in the restaurant industry [5] Company Overview - Denny's is a family dining restaurant brand based in Spartanburg, S.C., with over 70 years of history [6] - As of June 26, 2024, Denny's operates 1,541 restaurants globally, with 1,477 being franchised [7]

SASKATOON, Saskatchewan, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Denny's Canada is honored to have once again the opportunity to fundraise on behalf of The Saskatchewan Roughriders Foundation in collaboration with the Saskatchewan Roughriders CFL team. For the entire day before each 2024 home game, guests are invited to enjoy a $9.99 Riders Slam Special. $5 from each order will be donated to one of Saskatchewan's premier organizations as they focus on supporting amateur sports, education, and health within local ...

Industry Overview - The Family Dining segment is experiencing a significant decline, with a cumulative traffic loss of approximately 20.6% since 2019, the worst among restaurant categories [2][3] - In Q2 2024, Family Dining showed the worst outlook for both sales and traffic compared to other segments [2] - The decline in traffic is attributed to changing consumer habits favoring convenience and speed, leading to a preference for limited-service restaurants [2][3] Company Performance: Denny's - Denny's has closed approximately 25 units in Q1 2024 and 15 units in Q2 2024, resulting in a net decrease of 39 units over the first half of the year [4][5] - Comparable sales for Denny's in Q2 2024 were reported at -0.6%, with a 4.6% decline in traffic and a 4% increase in average check due to a 5% price increase [6] - Denny's has adjusted its fiscal 2024 comparable sales forecast to a range of -1% to 1%, indicating ongoing challenges in sales performance [6] Strategic Initiatives - Denny's is focusing on value promotions, dedicating nearly 20% of its mix to value offerings, but has struggled to rekindle traffic [7] - The company is reintroducing a '$2, $4, $6, $8, $10 Value Menu' aimed at increasing average check sizes while attempting to attract price-sensitive customers [7] - Denny's is also expanding its digital brands, including Banda Burrito, to capture delivery and takeout orders, particularly in California [7][8] Competitive Landscape - Other family dining restaurants, such as Cracker Barrel and IHOP, are implementing various strategies to combat declining traffic, including menu overhauls and diversification of offerings [7] - Despite some family restaurants managing to outperform the Black Box Family Dining Index, Denny's continues to face challenges in attracting traffic from limited-service restaurants [9] Financial Valuation - Denny's is considered close to its fair value, with a projected price of $7.73, indicating a potential upside of 25% from current levels [10] - The company maintains a 'Hold' rating due to its restructuring efforts and the overall decline in the family dining segment [11]

VANCOUVER, British Columbia, July 31, 2024 (GLOBE NEWSWIRE) -- Denny's Canada is delighted to announce the incredible results of their most recent national fundraising initiative for Big Brothers Big Sisters of Canada (BBBSC), in partnership with their parent company's community give-back program, Northland Cares. Earlier this Summer, the iconic community-based restaurant donated $2 from every order of their Berry Stuffed French Toast Slam to BBBSC, successfully fundraising over $21,000 with the help of the ...

Denny's Corporation (NASDAQ:DENN) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Kayla Money – Director-FP&A and Investor Relations Kelli Valade – President and Chief Executive Officer Robert Verostek – Executive Vice President and Chief Financial Officer Conference Call Participants Todd Brooks – The Benchmark Company Jake Bartlett – Truist Securities Michael Tamas – Oppenheimer Nick Setyan – Wedbush Securities Ally Arfstrom – Piper Sandler Operator Greetings, and welcome to ...

For the quarter ended June 2024, Denny's (DENN) reported revenue of $115.93 million, down 0.9% over the same period last year. EPS came in at $0.13, compared to $0.14 in the year-ago quarter. Here is how Denny's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: : 1,603 versus 1,613 estimated by four analysts on average. : 75 versus 77 estimated by four analysts on average. : 64 versus 64 estimated by two analysts on average. : $54.35 ...

Company Performance - Denny's reported quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.17 per share, and compared to earnings of $0.14 per share a year ago [7] - The company posted revenues of $115.93 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.51%, and down from $116.92 million year-over-year [2] - Denny's has not been able to beat consensus revenue estimates over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $117.31 million, and $0.61 on revenues of $468.04 million for the current fiscal year [4] - Over the last four quarters, Denny's has surpassed consensus EPS estimates just once [8] - The estimate revisions trend for Denny's is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [10] Industry Context - The Retail - Restaurants industry, to which Denny's belongs, is currently in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [11] - Another industry player, Brinker International, is expected to report quarterly earnings of $1.65 per share, reflecting a year-over-year change of +18.7% [12] - Brinker International's revenues are projected to be $1.16 billion, up 7.4% from the year-ago quarter [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 26, 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 | 13-3487402 | | ...

Financial Performance - Company restaurant sales were $54.3 million, a decrease from $54.9 million in the prior year quarter, primarily due to a decrease in same-restaurant sales[1]. - Total operating revenue was $115.9 million compared to $116.9 million for the prior year quarter[5]. - Net income was $3.6 million, or $0.07 per diluted share, with adjusted net income of $6.9 million and adjusted net income per share of $0.13[24]. - Net income for the quarter was $3,568, a decline of 58.2% compared to $8,538 in the prior year[35]. - Operating income decreased to $9,115, down 39.2% from $14,934 in the same quarter last year[35]. - Net income for the two quarters ended June 26, 2024, was $8.26 million, compared to $9.14 million for the same period in 2023, reflecting a decrease of approximately 9.6%[61]. - Comprehensive income for the two quarters ended June 26, 2024, was $15.46 million, an increase from $11.51 million in the same period last year, reflecting a growth of approximately 34.5%[61]. Operating Margins - Adjusted company restaurant operating margin was $7.2 million, or 13.2% of company restaurant sales, down from $8.5 million, or 15.4% in the prior year quarter[7]. - Company restaurant operating margin was $10,994, which is 10.3% of company restaurant sales, down from 14.1% in the same quarter last year[48]. - The company restaurant operating margin (non-GAAP) was 12.5% for the quarter, compared to 15.1% in the same quarter last year[70]. - Adjusted EBITDA for the quarter ended June 26, 2024, was $20,286,000, down 11.7% from $22,985,000 in the same quarter last year[63]. - Adjusted EBITDA is expected to be between $83 million and $87 million, down from the previous guidance of $87 million to $91 million[11]. Sales Performance - Denny's domestic system-wide same-restaurant sales were (0.6%), including (0.4%) at domestic franchised restaurants and (2.6%) at company restaurants[20]. - Company restaurant sales for the quarter ended June 26, 2024, were $54,348, a decrease of 0.97% from $54,881 in the same quarter last year[35]. - Company restaurant sales for the two quarters ended June 26, 2024, were $106.69 million, a decrease from $108.33 million for the same period in 2023, representing a decline of approximately 1.5%[61]. - Average unit sales for company restaurants were $774, down from $786 in the previous year, while franchised restaurants saw an increase to $473 from $466[50]. Expenses - Total general and administrative expenses were $20.5 million, slightly up from $20.2 million in the prior year quarter[23]. - General and administrative expenses increased to $20,486, up 1.6% from $20,160 year-over-year[35]. - The total costs of operating revenue were $156,498,000, representing 69.3% of total operating revenue[73]. - Legal settlement expenses for the quarter were $208,000, compared to $121,000 in the same quarter last year[70]. Debt and Future Plans - The company ended the quarter with $267.4 million of total debt outstanding, including $257.5 million of borrowings under its credit facility[9]. - The company plans to open 30 to 40 new restaurants, including 12 to 16 new Keke's restaurants, with a consolidated net decline of 20 to 30[11]. - The company plans to exclude legal settlement expenses and pre-opening costs from adjusted operating margin and other financial measures moving forward[55]. Franchise Revenue - Franchise and license revenue for the quarter was $61,579, a slight decrease from $62,034 in the previous year[45]. - Franchise and license revenue decreased to $119.21 million for the two quarters ended June 26, 2024, down from $126.05 million in the prior year, reflecting a decline of about 5.4%[61]. - Adjusted franchise operating margin was $30,791, or 50.0% of franchise and license revenue, compared to 50.9% in the previous year[45]. Tax Rate - The effective tax rate for the quarter was 24.8%, compared to 32.5% in the same quarter last year[39].

SPARTANBURG, S.C., July 30, 2024 (GLOBE NEWSWIRE) -- Denny's Corporation (the "Company") (NASDAQ:DENN), owner and operator of Denny's Inc. ("Denny's") and Keke's Inc. ("Keke's") today reported results for its second quarter ended June 26, 2024 and provided a business update on the Company's operations. Second Quarter 2024 Highlights(1) (1) Beginning fiscal 2024, the Company has evolved its definition of non-GAAP measures. Please see the definitions, explanations, and reconciliations further in this release. ...