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Denny’s Corporation reports restaurant-brand developments tied to its family dining business, including value menus, seasonal meal promotions, gift card programs, delivery and digital ordering through Denny’s on Demand, and virtual restaurant concepts such as The Meltdown, Banda Burrito, and The Burger Den.
Company news also covers Keke’s Breakfast Cafe expansion, breakfast and brunch offerings, community programs such as the Mobile Relief Diner and No Kid Hungry fundraising, and corporate-status developments following Denny’s transition from a Nasdaq-listed public company to a wholly owned subsidiary after a completed merger.
Denny’s Corporation (NASDAQ: DENN) will announce its second quarter financial results for the period ending June 24, 2020, on July 28, 2020, after market close. Senior management will host a conference call at 4:30 p.m. Eastern Time to discuss these results and address questions. Interested investors can listen to the live broadcast via the Investor Relations section of Denny’s website. A replay will be accessible later that day for 30 days. As of March 25, 2020, Denny’s operates 1,695 restaurants globally.
Denny's Corporation (NASDAQ: DENN) has partnered with St. Jude Children's Research Hospital to support childhood cancer treatment. From now on, a portion of proceeds from kids' menu orders will be donated to St. Jude's mission of finding cures and saving children. The kids' menu features artwork from St. Jude patient Marleigh, a leukemia survivor. Denny's aims to help families by ensuring no bills are received for treatment, travel, housing, or food. The partnership underscores Denny's commitment to making a difference in children's health.
Denny’s Corporation (NASDAQ: DENN) has announced a public offering of 8,000,000 shares of its common stock priced at $9.15 per share, aiming to close on July 6, 2020. The offering includes a 30-day underwriter option for an additional 1,200,000 shares. Estimated net proceeds from the offering are approximately $69.6 million, potentially rising to $80.1 million if the underwriter option is fully exercised. Proceeds will fund general corporate purposes. The shares are offered under an effective shelf registration with the SEC.
Denny's Corporation (NASDAQ: DENN) announced a public offering of 8,000,000 shares of common stock, with an option for underwriters to purchase an additional 1,200,000 shares. The offering aims to raise funds for general corporate purposes. Wells Fargo Securities, Citizens Capital Markets, and Regions Securities are managing the offering under an effective shelf registration. The company operates one of America's largest full-service restaurant chains, with 1,695 restaurants worldwide as of March 25, 2020.
Denny’s Corporation (NASDAQ: DENN) provided a business update regarding the effects of COVID-19 on its operations. The company emphasized improved safety protocols and reported a positive trend in same-store sales, gradually improving weekly during Q2 2020. Despite challenges, such as operating with limited dine-in capacity, off-premise sales more than doubled since February, with over 90% of the increase retained in June. The company also provided franchisee support through royalty abatements and secured rent relief for 77% of its leases.
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