Denny’s(DENN) - 2024 Q4 - Annual Results

Sales Performance - Denny's domestic system-wide same-restaurant sales increased by 1.1% in Q4 2024, while Keke's saw a 3.0% increase[6]. - For the fiscal year 2024, Denny's same-restaurant sales decreased by 0.2%, and Keke's experienced a decline of 1.7%[6]. Restaurant Operations - Denny's closed 30 restaurants in Q4 2024 as part of a strategy to accelerate the closure of lower volume locations[6]. - Keke's opened eight new cafes in Q4 2024, expanding into four new states: California, Colorado, Nevada, and Texas[6]. - Denny's completed 23 remodels under the Diner 2.0 program during the fiscal year, including seven company-operated restaurants[6]. - Keke's achieved a record of 12 openings in a single year, growing to six different states[6]. - As of December 25, 2024, Denny's Corporation operated a total of 1,568 restaurants, with 1,493 being franchised[12]. Financial Performance - The company ended 2024 with $261.3 million in borrowings under its credit facility[6]. - Denny's anticipates achieving the low end of its Adjusted EBITDA guidance range of$81 million to $84 million for 2024[6]. - The company plans to release detailed financial results and guidance for 2025 on February 12, 2025[5].