Dennys Corp Stock Price, News & Analysis

Waitr Holdings Inc. (NASDAQ: WTRH) has partnered with Denny’s Corporation (NASDAQ: DENN) to enhance its food delivery services. The agreement allows Waitr, along with Bite Squad and Delivery Dudes, to deliver from nearly 400 Denny’s locations across the United States, from Florida to Hawaii. This expansion includes a new virtual brand, The Burger Den. Waitr aims to increase delivery options and hours to improve customer access to meals, particularly breakfast and late-night orders. The move is designed to boost service for restaurants and delivery drivers.

On Veterans Day, Denny's will offer a complimentary Build Your Own Grand Slam to all active, inactive, and military personnel, continuing its tradition of honoring veterans. This customizable breakfast includes options like pancakes, eggs, and bacon and is available from 5 a.m. to noon at participating locations with a valid military ID. Additionally, Denny's will launch its second annual Heroes Tour, delivering free hot meals to veterans. The company emphasizes safe dining practices to provide a quality experience.

Denny's Corporation (NASDAQ: DENN) will release its third-quarter financial results on November 2, 2021, after market close. A conference call is scheduled for the same day at 4:30 p.m. ET to discuss the results. As of June 30, 2021, Denny's operated 1,645 restaurants globally, including locations in Canada, Mexico, and the UK. Investors can access the conference call live via the Denny's Investor Relations website.

Denny's has announced a significant digital transformation, launching a revamped website, Denny's on Demand, and a new mobile app as of September 23, 2021. The platforms aim to enhance guest experience with features like personalized profiles, a streamlined ordering process, and digital wallets for rewards. Denny's positions itself to improve customer engagement and increase transaction sizes. The initiative is part of a broader long-term strategy to redefine dining for modern families.

Denny's has launched its limited-time fall menu, featuring a variety of seasonal offerings. Highlights include the returning Pumpkin Pecan Pancake Breakfast, made with real pumpkin, pecans, and pecan pie sauce. The menu also showcases savory options like the Classic Benny Breakfast and Prime Rib Benny Breakfast. New additions include Double Chocolate Pancake Puppies and the Pecan Panookie. The menu aims to provide comforting meals as families gather for the season. Denny's operates over 1,645 locations globally.

Denny's has officially announced the creation of its All-Pancaker Team, featuring top offensive linemen from college football. The team includes Jalen McKenzie, Mark Evans II, Nicholas Petit-Frere, and newcomer Tristan Leigh, all of whom have signed Name, Image, and Likeness (NIL) deals with the brand. Denny's will sponsor these athletes, providing them with support in the form of buttermilk pancakes and promotional activities. This initiative emphasizes Denny's commitment to fostering diversity and supporting student-athletes from various backgrounds as they navigate their athletic and academic careers.

Denny's Corporation (NASDAQ: DENN) has successfully refinanced its revolving credit facility, increasing its borrowing capacity from $350 million to $400 million. The new five-year facility features a reduced initial interest rate of LIBOR plus 225 basis points. With $248 million authorized for share repurchases, the company plans to relaunch its multi-year program. Since 2010, Denny's has repurchased approximately 54 million shares, totaling $554 million. This refinancing reflects confidence in Denny's brand and enhances financial flexibility for shareholder returns and brand investments.

Denny's Corporation (NASDAQ: DENN) reported a strong recovery in its Q2 2021 results, with total operating revenue rising 164.3% to $106.2 million compared to the prior year. While domestic system-wide same-store sales fell 1.2% compared to 2019, June and July saw sales surpass pre-pandemic levels. Operating income improved to $18.3 million, and adjusted net income was $11.6 million. The company opened three franchised locations and experienced robust performance from its virtual brands. Current trends suggest continued sales growth, with Q3 guidance indicating an anticipated 2-4% same-store sales increase.