Executive Summary [CEO's Strategic Commentary](index=1&type=section&id=CEO%27s%20Strategic%20Commentary) Denny's Corporation CEO Kelli Valade highlighted strategic efforts, innovation, and customer focus across both Denny's and Keke's brands, achieving operational efficiencies and shareholder value initiatives - Denny's brand addresses market changes through innovative value platforms, strengthened off-premise business, and optimized franchise system[2](index=2&type=chunk) - Keke's brand expanded its unit portfolio by **7%** during the year and successfully launched its first system-wide promotion, continuing to grow market share[2](index=2&type=chunk) - The company achieved approximately **3.5%** in corporate G&A savings and plans to enhance shareholder value through balanced investments and meaningful share repurchases[2](index=2&type=chunk) [Second Quarter 2025 Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) Q2 2025 saw total operating revenue of $117.7 million, operating income of $8.6 million, with Keke's domestic system same-restaurant sales up 4.0% and Denny's down 1.3% 2025 Second Quarter Key Financial Metrics | Metric | Amount (Million USD) | | :--------------------------------- | :----------------: | | Total Operating Revenue | 117.7 | | Total Operating Income | 8.6 | | Net Income | 2.5 | | Diluted Net Earnings Per Share | 0.05 | | Adjusted Net Income | 4.8 | | Adjusted Diluted Net Earnings Per Share | 0.09 | | Adjusted EBITDA | 18.8 | 2025 Second Quarter Same-Restaurant Sales Change (YoY) | Brand | Same-Restaurant Sales Change | | :------------------------- | :-------------: | | Denny's Domestic System | (1.3%) | | Keke's Domestic System | 4.0% | - Denny's opened 3 franchised restaurants and completed 14 remodels (including 5 company-owned units) Keke's opened 8 cafes (including 4 franchised units) and refranchised 3 company-owned cafes[3](index=3&type=chunk) 2025 Second Quarter Adjusted Operating Margins | Metric | Amount (Million USD) | % of Revenue | | :------------------------- | :----------------: | :-------------: | | Adjusted Franchise Operating Profit | 30.0 | 50.7% | | Adjusted Company Restaurant Operating Profit | 6.7 | 11.5% | Second Quarter 2025 Financial Performance [Revenue Analysis](index=2&type=section&id=Revenue%20Analysis) Total operating revenue increased 1.5% to $117.7 million in Q2 2025, driven by Keke's company-owned unit growth, partially offset by Denny's franchise closures 2025 Second Quarter Revenue Overview | Revenue Category | Q2 2025 (Million USD) | Q2 2024 (Million USD) | YoY Change (%) | | :------------------------- | :--------------------------: | :--------------------------: | :------------: | | Total Operating Revenue | 117.7 | 115.9 | 1.5% | | Franchise and Licensing Revenue | 59.3 | 61.6 | (3.7%) | | Company Restaurant Sales | 58.4 | 54.3 | 7.5% | - Total operating revenue growth primarily driven by increased Keke's company-owned equivalent units, partially offset by Denny's franchised restaurant closure strategy[4](index=4&type=chunk) - Franchise and licensing revenue decline primarily due to fewer Denny's franchised equivalent units and weaker same-restaurant sales[5](index=5&type=chunk) [Operating Margins](index=2&type=section&id=Operating%20Margins) Q2 2025 adjusted franchise operating margin rose to 50.7%, while adjusted company restaurant operating margin decreased to 11.5% due to cost pressures and marketing investments 2025 Second Quarter Adjusted Operating Margins | Metric | Q2 2025 (Million USD) | Q2 2025 (%) | Q2 2024 (Million USD) | Q2 2024 (%) | | :------------------------- | :--------------------------: | :------------------: | :--------------------------: | :------------------: | | Adjusted Franchise Operating Profit | 30.0 | 50.7% | 30.8 | 50.0% | | Adjusted Company Restaurant Operating Profit | 6.7 | 11.5% | 6.9 | 12.7% | - The increase in adjusted franchise operating margin is primarily attributed to optimized cost structure, despite fewer Denny's equivalent units and weaker same-restaurant sales[6](index=6&type=chunk) - The decrease in adjusted company restaurant operating margin is mainly impacted by rising egg prices, increased marketing investment, and inefficient new cafe openings[7](index=7&type=chunk) [Expenses](index=2&type=section&id=Expenses) Total general and administrative expenses increased to $21.4 million in Q2 2025, influenced by incentive compensation and equity awards, despite corporate G&A savings 2025 Second Quarter Expense Overview | Expense Category | Q2 2025 (Million USD) | Q2 2024 (Million USD) | YoY Change (%) | | :------------------------- | :--------------------------: | :--------------------------: | :------------: | | Total General and Administrative Expenses | 21.4 | 20.5 | 4.4% | | Income Tax Expense | 1.3 | 1.2 | 8.3% | | Effective Tax Rate | 34.3% | 25.1% | 9.2 percentage points | | Corporate G&A Savings | 0.6 | - | (3.5%) | - Total general and administrative expenses increased primarily due to incentive compensation, equity-based compensation, and deferred compensation valuation adjustments[8](index=8&type=chunk) - Corporate G&A savings of approximately **$0.6 million**, a year-over-year reduction of approximately **3.5%**[8](index=8&type=chunk) - Effective income tax rate increased to **34.3%**, primarily including discrete items related to equity-based compensation[9](index=9&type=chunk) [Net Income and EPS](index=2&type=section&id=Net%20Income%20and%20EPS) Q2 2025 net income was $2.5 million with diluted EPS of $0.05, while adjusted net income reached $4.8 million with adjusted diluted EPS of $0.09 2025 Second Quarter Net Income and EPS | Metric | Amount (Million USD) | EPS (USD) | | :------------------------- | :----------------: | :--------------: | | Net Income | 2.5 | 0.05 | | Adjusted Net Income | 4.8 | 0.09 | [Debt and Liquidity](index=2&type=section&id=Debt%20and%20Liquidity) As of Q2 2025 end, total debt stood at $278.6 million, with $268.6 million attributed to credit facility borrowings 2025 Second Quarter End-of-Period Debt | Metric | Amount (Million USD) | | :------------------------- | :----------------: | | Total Debt | 278.6 | | Credit Facility Borrowings | 268.6 | Capital Allocation [Investments and Acquisitions](index=2&type=section&id=Investments%20and%20Acquisitions) The company invested $7.3 million in cash capital expenditures and $4.1 million in strategic acquisitions of Keke's cafes and a Denny's franchised restaurant this quarter 2025 Second Quarter Capital Expenditures and Acquisitions | Category | Amount (Million USD) | | :------------------------- | :----------------: | | Cash Capital Expenditures | 7.3 | | Keke's Cafe Acquisitions | 4.1 | | Denny's Franchised Restaurant Acquisitions | (Included in $4.1 million) | - Capital expenditures primarily allocated to Keke's new cafe development and Denny's company restaurant remodels[11](index=11&type=chunk) - Strategic acquisitions included 5 Keke's cafes and one Denny's franchised restaurant in a core market[11](index=11&type=chunk) [Share Repurchases](index=2&type=section&id=Share%20Repurchases) The company allocated $0.6 million to share repurchases this quarter, with $87.6 million remaining under the existing authorization 2025 Second Quarter Share Repurchases | Metric | Amount (Million USD) | | :------------------------- | :----------------: | | Share Repurchases This Quarter | 0.6 | | Remaining Repurchase Authorization | 87.6 | Business Outlook [Full Year 2025 Expectations](index=3&type=section&id=Full%20Year%202025%20Expectations) For FY2025, the company projects Denny's domestic system same-restaurant sales between (2.0%) and 1.0%, 25-40 new openings, 70-90 closures, and adjusted EBITDA of $80-85 million Full Year 2025 Expectations (53 Operating Weeks) | Metric | Expected Range | | :--------------------------------- | :--------------------------------: | | Denny's Domestic System Same-Restaurant Sales | (2.0%) to 1.0% | | Combined New Restaurant Openings | 25 to 40 Units | | Combined Restaurant Closures | 70 to 90 Units | | Commodity Inflation | 3.0% to 5.0% | | Labor Inflation | 2.5% to 3.5% | | Total General and Administrative Expenses | $80 million to $85 million | | Adjusted EBITDA | $80 million to $85 million | | Share Repurchases | $15 million to $25 million | - Total general and administrative expenses include **$60 million to $62 million** for corporate and administrative expenses (including approximately **$1 million** impact from the 53rd week), **$6 million to $9 million** for incentive compensation, and approximately **$14 million** for equity-based compensation (not impacting Adjusted EBITDA)[18](index=18&type=chunk) - Adjusted EBITDA expectations include an approximate **$2 million** impact from the 53rd week[18](index=18&type=chunk) Company Profile and Operations [About Denny's Corporation](index=3&type=section&id=About%20Denny%27s%20Corporation) Denny's Corporation, a leading US full-service restaurant chain, operated 1,558 restaurants as of June 25, 2025, comprising 1,474 franchised and 84 company-owned units under the Denny's and Keke's brands Restaurant Count as of June 25, 2025 | Brand | Company-Owned | Franchised and Licensed | Total | | :------------------------- | :----------: | :--------------: | :----: | | Denny's Corporation (Total) | 84 | 1,474 | 1,558 | | Denny's Brand | 62 | 1,422 | 1,484 | | Keke's Brand | 22 | 52 | 74 | [Restaurant Unit Activity](index=12&type=section&id=Restaurant%20Unit%20Activity) As of June 25, 2025, Denny's had 1,484 restaurants and Keke's had 74, with specific unit openings, closures, and refranchising activities during the quarter 2025 Second Quarter Restaurant Unit Activity | Brand | Company-Owned (End of Period) | Franchised and Licensed (End of Period) | Total (End of Period) | New Openings (This Quarter) | Closures (This Quarter) | Refranchised (This Quarter) | | :------------------------- | :----------------: | :--------------------: | :-----------: | :-----------: | :-----------: | :--------------------: | | Denny's | 62 | 1,422 | 1,484 | 3 (Franchised) | 10 (Franchised) | - | | Keke's | 22 | 52 | 74 | 4 (Company), 4 (Franchised) | - | 3 (Company) | Equivalent Unit Changes (2025 Second Quarter vs 2024 Second Quarter) | Brand | Company-Owned | Franchised | Total | | :------------------------- | :----------: | :--------: | :----: | | Denny's | (3) | (59) | (62) | | Keke's | 12 | (3) | 9 | [Same-Restaurant Sales and Average Unit Sales](index=12&type=section&id=Same-Restaurant%20Sales%20and%20Average%20Unit%20Sales) Q2 2025 saw Denny's domestic system same-restaurant sales decline by 1.3%, while Keke's domestic system sales grew 4.0%, with varying average unit sales performance 2025 Second Quarter Same-Restaurant Sales Change (YoY) | Brand | Company-Owned | Domestic Franchised | Domestic System | | :------------------------- | :----------: | :------------: | :--------: | | Denny's | 0.0% | (1.4%) | (1.3%) | | Keke's | 3.4% | 4.2% | 4.0% | 2025 Second Quarter Average Unit Sales (Thousand USD) | Brand | Company-Owned | Franchised | | :------------------------- | :----------: | :--------: | | Denny's | 789 | 479 | | Keke's | 433 | 484 | Non-GAAP Financial Measures [Non-GAAP Definition Changes](index=4&type=section&id=Non-GAAP%20Definition%20Changes) The company revised non-GAAP financial metric definitions for enhanced clarity and comparability, excluding non-recurring and non-core operating items, and adjusting EBITDA deductions - Company adjusted non-GAAP financial metric definitions to enhance clarity and comparability with peers[19](index=19&type=chunk) - Adjusted metrics exclude non-recurring legal settlement expenses, pre-opening expenses, and other non-core operating items[20](index=20&type=chunk) - Company no longer deducts cash payments for restructuring and exit costs or equity-based compensation from adjusted EBITDA[20](index=20&type=chunk) [Reconciliation of Net Income to Non-GAAP Measures](index=8&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Non-GAAP%20Measures) This section reconciles GAAP net income to adjusted EBITDA, adjusted net income, and per-share equivalents for Q2 and year-to-date 2025 and 2024, detailing various adjustments Reconciliation of Net Income to Adjusted EBITDA (2025 Second Quarter) | Metric | Q2 2025 (Thousand USD) | Q2 2024 (Thousand USD) | | :--------------------------------- | :--------------------------: | :--------------------------: | | Net Income | 2,470 | 3,568 | | Income Tax Expense | 1,291 | 1,198 | | Operating (Gains), Losses and Other Expenses, Net | 1,700 | 1,565 | | Equity-Based Compensation Expense | 2,982 | 2,624 | | Interest Expense, Net | 5,374 | 4,573 | | Depreciation and Amortization | 4,378 | 3,735 | | Adjusted EBITDA | 18,787 | 20,040 | Reconciliation of Net Income to Adjusted Net Income (2025 Second Quarter) | Metric | Q2 2025 (Thousand USD) | Q2 2024 (Thousand USD) | | :--------------------------------- | :--------------------------: | :--------------------------: | | Net Income | 2,470 | 3,568 | | Interest Rate Swap Derivative Losses and Amortization, Net | 879 | 167 | | Operating (Gains), Losses and Other Expenses, Net | 1,700 | 1,565 | | Tax Impact | (932) | (1,127) | | Adjusted Net Income | 4,794 | 6,986 | | Adjusted Diluted Net Earnings Per Share | 0.09 | 0.13 | [Reconciliation of Operating Income to Non-GAAP Measures](index=9&type=section&id=Reconciliation%20of%20Operating%20Income%20to%20Non-GAAP%20Measures) This section reconciles GAAP operating income to restaurant-level, company restaurant, and franchise operating profits, using non-GAAP metrics to assess operational efficiency Reconciliation of Operating Income to Restaurant-Level Operating Profit (2025 Second Quarter) | Metric | Q2 2025 (Thousand USD) | Q2 2024 (Thousand USD) | | :--------------------------------- | :--------------------------: | :--------------------------: | | Operating Income | 8,572 | 9,115 | | General and Administrative Expenses | 21,445 | 20,486 | | Depreciation and Amortization | 4,378 | 3,735 | | Operating (Gains), Losses and Other Expenses, Net | 1,700 | 1,565 | | Restaurant-Level Operating Profit | 36,095 | 34,921 | | Adjusted Restaurant-Level Operating Profit | 36,740 | 37,714 | Restaurant-Level Operating Profit Components (2025 Second Quarter) | Component | Q2 2025 (Thousand USD) | Q2 2024 (Thousand USD) | | :------------------------- | :--------------------------: | :--------------------------: | | Company Restaurant Operating Profit | 6,050 | 6,770 | | Franchise Operating Profit | 30,045 | 28,151 | | Restaurant-Level Operating Profit | 36,095 | 34,921 | Detailed Financial Statements (Unaudited) [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of June 25, 2025, total assets were $491.2 million, total liabilities $525.7 million, and shareholders' deficit $34.6 million, showing slight shifts from December 2024 Consolidated Balance Sheet Summary (Thousand USD) | Metric | June 25, 2025 | December 25, 2024 | | :------------------------- | :-------------: | :--------------: | | Total Assets | 491,150 | 496,274 | | Total Liabilities | 525,729 | 530,299 | | Shareholders' Deficit | (34,579) | (34,025) | | Cash and Cash Equivalents | 1,166 | 1,698 | | Long-Term Debt | 268,600 | 261,300 | [Condensed Consolidated Statements of Income (Quarter Ended)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20%28Quarter%20Ended%29) Q2 2025 total operating revenue was $117.7 million, with net income of $2.5 million and diluted EPS of $0.05, reflecting a slight revenue increase but decreased profitability year-over-year Condensed Consolidated Statements of Income Summary (Q2 2025 vs Q2 2024, Thousand USD) | Metric | June 25, 2025 | June 26, 2024 | | :--------------------------------- | :-------------: | :-------------: | | Total Operating Revenue | 117,657 | 115,927 | | Operating Income | 8,572 | 9,115 | | Net Income | 2,470 | 3,568 | | Diluted Net Earnings Per Share | 0.05 | 0.07 | | Total General and Administrative Expenses | 21,445 | 20,486 | [Condensed Consolidated Statements of Income (Two Quarters Ended)](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20%28Two%20Quarters%20Ended%29) For the half-year ended June 25, 2025, total operating revenue was $229.3 million, with net income of $2.8 million and diluted EPS of $0.05, indicating revenue growth but significant profit decline year-over-year Condensed Consolidated Statements of Income Summary (H1 2025 vs H1 2024, Thousand USD) | Metric | June 25, 2025 | June 26, 2024 | | :--------------------------------- | :-------------: | :-------------: | | Total Operating Revenue | 229,294 | 225,901 | | Operating Income | 13,782 | 19,121 | | Net Income | 2,796 | 8,259 | | Diluted Net Earnings Per Share | 0.05 | 0.16 | | Total General and Administrative Expenses | 41,475 | 41,708 | [Operating Margins (Quarter Ended)](index=10&type=section&id=Operating%20Margins%20%28Quarter%20Ended%29) Q2 2025 company restaurant operating margin was 10.4% (adjusted 11.5%), while franchise operating margin was 50.7% (adjusted 50.7%), showing a decline for company units and an increase for franchise units year-over-year Company Restaurant Operating Margins (2025 Second Quarter vs 2024 Second Quarter) | Metric | June 25, 2025 (%) | June 26, 2024 (%) | | :------------------------- | :----------------: | :----------------: | | Company Restaurant Operating Margin | 10.4% | 12.5% | | Adjusted Company Restaurant Operating Margin | 11.5% | 12.7% | | Product Costs as % of Sales | 25.8% | 25.1% | | Payroll and Benefits as % of Sales | 37.5% | 37.7% | Franchise Operating Margins (2025 Second Quarter vs 2024 Second Quarter) | Metric | June 25, 2025 (%) | June 26, 2024 (%) | | :------------------------- | :----------------: | :----------------: | | Franchise Operating Margin | 50.7% | 45.7% | | Adjusted Franchise Operating Margin | 50.7% | 50.0% | | Royalty Revenue as % of Revenue | 49.1% | 48.7% | | Advertising Revenue as % of Revenue | 32.9% | 33.8% | [Operating Margins (Two Quarters Ended)](index=11&type=section&id=Operating%20Margins%20%28Two%20Quarters%20Ended%29) For the half-year ended June 25, 2025, company restaurant operating margin was 8.8% (adjusted 10.3%), and franchise operating margin was 50.8% (adjusted 50.8%), with company unit margins decreasing and franchise margins increasing year-over-year Company Restaurant Operating Margins (2025 Half-Year vs 2024 Half-Year) | Metric | June 25, 2025 (%) | June 26, 2024 (%) | | :------------------------- | :----------------: | :----------------: | | Company Restaurant Operating Margin | 8.8% | 10.3% | | Adjusted Company Restaurant Operating Margin | 10.3% | 12.9% | | Product Costs as % of Sales | 26.1% | 25.3% | | Payroll and Benefits as % of Sales | 38.3% | 38.4% | Franchise Operating Margins (2025 Half-Year vs 2024 Half-Year) | Metric | June 25, 2025 (%) | June 26, 2024 (%) | | :------------------------- | :----------------: | :----------------: | | Franchise Operating Margin | 50.8% | 49.0% | | Adjusted Franchise Operating Margin | 50.8% | 51.2% | | Royalty Revenue as % of Revenue | 48.7% | 49.7% | | Advertising Revenue as % of Revenue | 33.0% | 32.7% | Additional Information [Conference Call and Webcast](index=3&type=section&id=Conference%20Call%20and%20Webcast) The company will host a webcast on August 4, 2025, at 4:30 PM ET to discuss Q2 2025 results, accessible via its investor relations website - Company to host a webcast on August 4, 2025, at 4:30 PM ET to discuss second-quarter results[14](index=14&type=chunk) - Webcast accessible via the company's investor relations website investor.dennys.com[14](index=14&type=chunk) [Cautionary Language](index=4&type=section&id=Cautionary%20Language) This press release contains forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially, with no obligation for the company to update them unless legally required - This press release contains forward-looking statements, involving risks, uncertainties, and other factors that could cause actual results to differ materially from expectations[22](index=22&type=chunk) - The company undertakes no obligation to update these forward-looking statements unless required by law[22](index=22&type=chunk) [Contact Information](index=4&type=section&id=Contact%20Information) Investor inquiries can be directed to 877-784-7167, and media inquiries to 864-597-8005 - Investor contact phone: 877-784-7167[23](index=23&type=chunk) - Media contact phone: 864-597-8005[23](index=23&type=chunk)

Core Insights - Denny's Corporation reported a total operating revenue of $117.7 million for Q2 2025, an increase from $115.9 million in the same quarter last year, primarily driven by additional Keke's company equivalent units [4][9] - The company experienced a decline in franchise and license revenue to $59.3 million from $61.6 million, attributed to fewer Denny's franchise equivalent units and softer same-restaurant sales [5][9] - Adjusted net income for the quarter was $4.8 million, or $0.09 per diluted share, compared to $6.99 million, or $0.13 per diluted share, in the prior year quarter [10][35] Financial Performance - Company restaurant sales increased to $58.4 million from $54.3 million year-over-year, mainly due to additional Keke's equivalent units [5][9] - Adjusted franchise operating margin was $30.0 million, representing 50.7% of franchise and license revenue, slightly down from 50.0% in the prior year [6][9] - Adjusted company restaurant operating margin was $6.7 million, or 11.5% of company restaurant sales, down from 12.7% in the prior year, impacted by increased product costs and marketing investments [7][9] Operational Highlights - Denny's opened three franchised restaurants and completed 14 remodels, while Keke's opened eight new cafes and refranchised three company cafes [9][19] - The company ended the quarter with total debt outstanding of $278.6 million, including $268.6 million under its credit facility [11][28] - Capital expenditures for the quarter amounted to $7.3 million, focusing on new cafe development and restaurant remodels [12][28] Business Outlook - The company anticipates domestic system-wide same-restaurant sales to range between (2.0%) and 1.0% for the full year 2025 [16] - Expected consolidated restaurant openings are between 25 to 40, with closures projected between 70 and 90 [16] - Total general and administrative expenses are forecasted to be between $80 million and $85 million for the year [16]

Group 1 - Denny's has faced significant market challenges, similar to other major players in the family dining sector [1] - The company has responded by launching a BOGO (Buy One Get One) promotion at the end of the last quarter [1]

Core Insights - Denny's has launched new summer merchandise on DinerDrip.com, including collectible mugs priced under $10, aimed at enhancing customer engagement and brand loyalty [1][2] - The restaurant is promoting a summer menu with "4 Slams for Under $10," featuring meals starting at $6.99, appealing to budget-conscious consumers [2] Group 1: Merchandise Launch - Denny's has introduced nostalgic summer-themed merchandise, including four collectible 16-oz stainless steel mugs, each priced under $10 [1] - The mugs feature iconic Denny's colors and phrases, designed for both on-the-go use and in-restaurant enjoyment [1] - Surprise giveaways are being promoted on Denny's Instagram to further engage fans [1] Group 2: Summer Menu Promotion - Denny's is offering a summer deal of "4 Slams for Under $10," with options starting at $6.99, ensuring affordability for customers [2] - The menu includes seasonal flavors and various Slam options, available all day, every day, enhancing customer value [2] Group 3: Company Overview - Denny's is a family dining restaurant brand based in Spartanburg, SC, with over 70 years of history, focusing on providing craveable meals at meaningful value [4] - As of March 26, 2025, Denny's operates 1,491 restaurants globally, with 1,430 being franchised and licensed [5]

Core Points - Denny's has expanded its partnership with Cookies for Kids' Cancer, aiming to raise funds for pediatric cancer research, having previously raised nearly $1.5 million over 16 years [1][6] - The new initiative includes the sale of a limited-edition "Let's Strikeout Kids' Cancer" T-shirt, with all proceeds benefiting the nonprofit organization [1] - Denny's will donate a portion of proceeds from Kids' menu items sold until Spring 2026 to support pediatric cancer research [1] - Customers can also contribute by rounding up their checks to support fundraising efforts until August 26, 2025 [1] Company Overview - Denny's is a family dining restaurant brand based in Spartanburg, South Carolina, with over 70 years of history [3] - The brand operates 1,491 restaurants globally, with 1,430 being franchised and licensed [4] - Denny's commitment to community support includes various initiatives such as the Mobile Relief Diner and partnerships with organizations like No Kid Hungry and Cookies for Kids' Cancer [3] Nonprofit Overview - Cookies for Kids' Cancer is a recognized nonprofit organization focused on funding research for pediatric cancer treatments, which is the leading disease killer of children in the U.S. [6][7] - The organization has granted over $23 million to support more than 140 research projects, contributing to 60 new treatment options [7]

Company Overview - Denny's Corporation is one of America's largest full-service restaurant chains, operating a total of 1,557 restaurants as of March 26, 2025, with 1,475 being franchised and licensed, and 82 being company-operated [3][4] - The Denny's brand includes 1,491 global restaurants, with 1,430 franchised and licensed, and 61 company-operated [4] - The Keke's brand consists of 66 restaurants, with 45 franchised and 21 company-operated [4] Upcoming Financial Results - Denny's Corporation will announce its financial and operating results for the second quarter ended June 25, 2025, on August 4, 2025, after market close [1] - A conference call will be held on the same day at 4:30 p.m. Eastern Time to discuss these results and answer questions [1][2]

Financial Performance & Capital Allocation - Denny's allocated approximately $162 million to share repurchases in Q4 2023[12], and $521 million for the full year[12] - Since late 2010, Denny's has allocated over $700 million towards share repurchases[51] - Denny's has approximately $100 million remaining under existing repurchase authorization[54] - Approximately $50 million in Adjusted Free Cash Flow was generated in the last 12 fiscal years[64] Sales & Restaurant Performance - Denny's domestic system-wide same-restaurant sales increased by 13% in Q4 2023 compared to 2022[12], and 35% for the full year[12] - Denny's Q4 2023 domestic average weekly sales outperformed Q4 2022 by 32%[17] - Denny's domestic footprint includes 1407 restaurants in the US[27], with 42% of the domestic system located in the top 10 US markets[29] - Keke's average unit volume (AUV) is $18 million for franchised restaurants[47] Franchise & International Presence - Denny's has a strong partnership with 208 franchisees[35], operating 1508 franchisee restaurants[35] - Denny's has an international presence of 166 restaurants in 14 countries and US territories, grown by approximately 91% since year end 2010[30]

Financial Highlights - Adjusted EBITDA for Q4 2023 was $115.4 million[6] - Adjusted Free Cash Flow for Q4 2023 was $18.6 million[6] - The company spent $7.4 million on share repurchases, repurchasing 1.8 million shares[6] - Denny's domestic system-wide same-restaurant sales increased by 1.3% versus 2022[6] Sales Performance - Denny's Q4 2023 domestic average weekly sales outperformed Q4 2022 by 3.2%[10] - Off-premise sales are more popular with younger generations and diverse guests[14] - The Burger Den is active in over 1,200 domestic locations, and The Meltdown is in over 1,100 domestic locations[16] Footprint and Franchise - Denny's has a total of 1,407 restaurants in the U S[20] - Denny's international footprint includes 166 restaurants in 14 countries and U S territories, grown by approximately 91% since year end 2010[23] - The company has a strong partnership with 208 franchisees operating 1,508 franchisee restaurants[27]

Core Insights - The article discusses the author's academic and professional background in Machine Learning, Economics, and Finance, highlighting affiliations with prestigious institutions and experience in financial advisory, particularly in banking and mergers & acquisitions [1]. Group 1 - The author holds a PhD in Machine Learning with a focus on Economics and Finance [1]. - The author has academic affiliations with IESE Business School, ESADE Business School, and the Barcelona Supercomputing Center [1]. - The professional experience includes working at Deloitte Financial Advisory, specializing in banking and mergers & acquisitions [1]. Group 2 - The author's interests include machine learning and generative AI applications in finance and economics [1]. - The author is proficient in programming languages such as Python, R, and SQL [1].

Core Insights - Denny's is launching a summer promotion offering 4 popular Slams for under $10 each, emphasizing value for families and individuals [1][2] - The promotion is part of a broader strategy to celebrate Denny's baseball history and cater to customers on-the-go [2] - Denny's is also engaging in charitable efforts by donating a portion of Kids Menu item sales to pediatric cancer research through a partnership with Cookies for Kids' Cancer [3] Promotion Details - The 4 Slams available for under $10 include the Red, White and Berry Everyday Value Slam, Choconana Everyday Value Slam, Super Slam, and Everyday Value Slam [6] - The promotion is available all day, every day for dine-in or to-go, reinforcing Denny's commitment to providing great food at a meaningful value [5] Special Offers - In conjunction with Father's Day, Denny's is offering limited-edition breakfast-themed PJs and a discount on online orders [4] - An online gift card promotion is also available, providing a $5 bonus coupon for every $25 gift card purchased [5] Company Overview - Denny's operates 1,491 restaurants globally, with 1,430 being franchised and licensed, and 61 company-operated [8] - The brand has a long-standing commitment to community support, including initiatives like the Mobile Relief Diner and partnerships with No Kid Hungry and Cookies for Kids' Cancer [7]