Denny's Corp
NASDAQ:DENN
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Denny's Corp
Denny's Corp. engages in the operation of restaurants and franchised, and licensed restaurants. The company is headquartered in Spartanburg, South Carolina and currently employs 3,300 full-time employees. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand. Denny's brand consists of approximately 1,645 restaurants, which includes franchised/licensed restaurants and company operated. In addition to its breakfast-all-day items, Denny’s offers a wide selection of lunch and dinner items including burgers, sandwiches, salads, and skillet entrees. The company also offers assortment of beverages, appetizers, and desserts. The company also offers items for children and seniors. The firm's purchasing department administers programs enables procurement of food and non-food products. Its franchisees also purchase food and non-food products directly from its vendors under these programs. Denny's restaurants are operated in the District of Columbia, United States territories, California, Texas, and Florida.
Denny's Corp. engages in the operation of restaurants and franchised, and licensed restaurants. The company is headquartered in Spartanburg, South Carolina and currently employs 3,300 full-time employees. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand. Denny's brand consists of approximately 1,645 restaurants, which includes franchised/licensed restaurants and company operated. In addition to its breakfast-all-day items, Denny’s offers a wide selection of lunch and dinner items including burgers, sandwiches, salads, and skillet entrees. The company also offers assortment of beverages, appetizers, and desserts. The company also offers items for children and seniors. The firm's purchasing department administers programs enables procurement of food and non-food products. Its franchisees also purchase food and non-food products directly from its vendors under these programs. Denny's restaurants are operated in the District of Columbia, United States territories, California, Texas, and Florida.
Same-Restaurant Sales: Denny's system-wide same-restaurant sales were down 1.3%, a 170 basis point improvement from Q1, but still negative as macroeconomic pressures persisted.
Value Promotions: Aggressive value offers like the BOGO Slam for $1 and 4 Slams under $10 drove significant traffic and new/lapsed user return, helping offset headwinds.
Off-Premise Strength: Off-premise sales remained strong, representing 21% of total sales and contributing 1.5% to same-restaurant sales growth.
Keke's Growth: Keke's Breakfast Cafe delivered strong 4% same-restaurant sales growth and opened 8 new cafes, showing momentum outside Florida.
Margin Actions: Cost-saving initiatives and portfolio rationalization are underway, aiming for up to 200 basis points of savings over 12–18 months and improved franchise AUVs.
Guidance Reiterated: Management reiterated full-year guidance, expecting to reach the low end of same-restaurant sales and adjusted EBITDA ranges.
Loyalty Program Launch: A new points-based, personalized loyalty program is launching this quarter to boost digital engagement and traffic.
Choppy Consumer Environment: Management noted continued consumer volatility, especially in key states, but expressed cautious optimism for moderation ahead.
