Dennys Corp Stock Price, News & Analysis

Denny's has joined the Pathways to Black Franchise Ownership program, partnering with the Multicultural Foodservice & Hospitality Alliance (MFHA). This initiative aims to create 100 Black-owned franchises by 2023, addressing the current discrepancy where only 8% of franchise owners are African American. Denny's has a long commitment to diversity, having invested over $2 billion in underrepresented suppliers since 1993. This partnership will provide training and support to aspiring Black entrepreneurs, promoting equity and inclusion in the restaurant industry.

Denny's Board Chair, Brenda Lauderback, is set to receive the President's Lifetime Achievement Award from the White House on May 9, 2022, at the Gibbes Museum of Art in Charleston, South Carolina. This prestigious award honors individuals who have dedicated over 4,000 hours of volunteer service to their communities. Presenting the award will be Congressman James E. Clyburn and Charleston Mayor John Tecklenburg. Lauderback has been recognized for her significant contributions to community service, underscoring her influence in both corporate and civic arenas.

Denny’s Corporation (NASDAQ: DENN) reported a strong first quarter with total operating revenue rising by 28.0% to $103.1 million, driven by recovery post-COVID-19. The company announced a definitive agreement to acquire Keke's Breakfast Cafe for $82.5 million, aiming to expand its presence in the fast-growing A.M. eatery segment. Net income stood at $21.9 million, or $0.34 per diluted share, while Adjusted EBITDA reached $17.7 million. Despite challenges, same-store sales grew 23.3% compared to last year, reflecting improved consumer sentiment.

Denny’s Corporation (NASDAQ: DENN) has appointed Kelli Valade as Chief Executive Officer and President, effective June 13, 2022. She succeeds John Miller, who is retiring on August 3, 2022, along with President Mark Wolfinger, effective June 1, 2022. Valade, a seasoned restaurant industry leader, has extensive experience in operational efficiency and strategic growth from her previous roles at Brinker International and Red Lobster. The Board expressed confidence in her ability to enhance the Denny’s brand and drive long-term shareholder growth.

Denny's Corporation (NASDAQ: DENN) will announce its financial results for Q1 2022 on May 3, 2022, after market close. The announcement will be followed by a conference call at 4:30 p.m. Eastern Time to discuss the results. Denny's, a leading full-service restaurant chain, operates 1,640 franchised and company restaurants worldwide, with a presence in multiple countries including Canada, Mexico, and the Philippines. Investors can access the live call through the Investor Relations section of Denny's website.

Denny's has launched its Endless Breakfast promotion, offering unlimited pancakes, scrambled eggs, and hash browns starting at $6.99 until June 21. This initiative aims to provide value amid rising inflation affecting consumers. Chief Brand Officer John Dillon emphasized that the promotion aligns with Denny's commitment to quality food at affordable prices. Customers can also add unlimited bacon or sausage for an additional $.99. The campaign is part of Denny's broader Open for Anything initiative, which promotes inclusivity and value dining.

Denny's is promoting free delivery services from March 17 to March 20, 2022, during the March Madness event. Customers can order via the new Denny's apps or website, allowing them to enjoy meals without leaving their homes. Signature offerings include the Get That Cookie Dough Pancakes, Jala-Bac Burger, and Clearly Very Fruity Pancakes, all part of the Limited Time Offer menu. Denny's operates one of America's largest restaurant chains with over 1,640 locations worldwide.

Denny's has launched its annual fundraiser, Dine with a Purpose, running from March 8 to April 6, 2022. Guests can round up their checks or donate $3 to Cookies for Kids' Cancer. Since 2011, Denny's has raised over $700,000 for pediatric cancer research, with its franchise owners leading this initiative. The partnership aims to support new treatments for children with cancer, highlighting the alarming statistic of 43 kids diagnosed daily in the U.S. Denny's commitment to community health continues through this annual effort.

Denny's Corporation (NASDAQ: DENN) reported a 34.4% increase in Q4 2021 revenue to $107.6 million, driven by COVID-19 recovery. Net income reached $43.5 million ($0.67 per diluted share), significantly up from $2.4 million the previous year. The company opened seven franchised restaurants and completed seven remodels. For 2021, total operating revenue rose 38% to $398.2 million, with net income of $78.1 million ($1.19 per diluted share). Despite decreased same-store sales compared to 2019, domestic sales improved in late 2021, with ongoing strategic initiatives to enhance brand performance.