Dennys Corp Stock Price, News & Analysis

Denny's continues its tradition of honoring military personnel by offering complimentary Grand Slams on Veterans Day, November 11, 2022. The promotion is available from 5 a.m. to noon at participating locations for active, non-active, and retired military with a valid ID or DD 214. Denny's President John Dillon emphasized gratitude towards veterans for their service. The Grand Slam includes pancakes, bacon, sausage, and eggs. For more details and to locate participating restaurants, visit www.dennys.com.

Denny's Corporation (NASDAQ: DENN) reported a solid third-quarter performance for the period ending September 28, 2022. Total operating revenue increased by 13.2% to $117.5 million, with franchise and license revenue at $65.2 million. The acquisition of Keke's contributed to revenues, while domestic same-store sales rose by 1.5%. Net income reached $17.1 million, translating to $0.29 per diluted share. However, operating income fell to $15.8 million from $17.7 million, impacted by inflation and legal expenses. The company plans to maintain same-store sales growth guidance between 1% and 3% for Q4 2022.

Denny's has launched a new menu featuring meals created with TikTok influencers, marking the fourth installment of its Social Stars Influenced Menu. The new items, available for a limited time, include It's Bananas Salted Caramel Pancakes, Straight Up Bourbon Steak, and Yes, We Pecan! Salted Caramel Milkshake. This initiative aims to attract younger customers and has already sold 2.4 million meals since its debut in February 2022. Denny's continues to position itself as a value-driven brand while enhancing its cultural relevance.

Denny’s Corporation (NASDAQ: DENN) will announce its third-quarter financial results for the period ending September 28, 2022, on November 1, 2022, after market close. A conference call with senior management will follow at 4:30 p.m. ET to discuss the results and address questions. As of June 29, 2022, Denny’s operates 1,631 restaurants globally, including locations in Canada, Mexico, and more. This release highlights the company's commitment to transparency and investor engagement.

Denny's has launched its Hungry for Education™ Scholarship Program, aimed at supporting students from Historically Black Colleges and Universities and Hispanic Association of Colleges and Universities. The program includes a fall college tour across major U.S. locations starting on October 5, 2022, with scholarships totaling $340,000 available. Last year, Denny's contributed $10,000 to the Orange Blossom Classic Scholarship Fund and has awarded nearly $2 million in scholarships since 2011.

Denny's Corporation (NASDAQ: DENN) appointed John Dillon as President of Denny's Inc. and David Schmidt as President of Keke's Breakfast Café. Effective September 1, 2022 and September 12, 2022 respectively, these leaders bring extensive restaurant industry experience to their new roles. Dillon previously served as Chief Brand Officer, enhancing shareholder value through initiatives like Denny's on Demand. Schmidt aims to expand Keke's presence beyond Florida, emphasizing talent development and operational excellence.

Denny's hosted its inaugural Denny's Surprise and Delight Weekend on July 30-31, 2022, to ease the financial burden on guests facing rising inflation. Select locations offered complimentary meals to customers, showcasing the brand's commitment to customer support amid economic challenges. Denny's aims to foster community connections while promoting affordable dining options with its extensive menu. The company, a leading full-service restaurant chain, continues its philanthropic efforts, supporting initiatives like No Kid Hungry and providing disaster relief through its mobile dining service.

Denny’s Corporation (NASDAQ: DENN) reported strong performance despite inflationary pressures, with Q2 2022 total operating revenue rising 8.3% to $115.0 million. Same-store sales increased 2.5%, and net income reached $23.0 million or $0.37 per diluted share. The company successfully repurchased $37.4 million of its stock, maintaining a focus on shareholder value. Denny’s also expanded its portfolio by acquiring Keke’s Breakfast Café, which is expected to enhance growth opportunities. However, challenges such as rising costs impacted profit margins.

Denny’s Corporation (NASDAQ: DENN) has successfully acquired Keke’s Breakfast Café for $82.5 million, utilizing cash and revolving credit. This acquisition includes certain assets and liabilities of Keke’s, which operates 52 restaurants in Florida. Denny’s aims to enhance shareholder value through this strategic expansion into the fast-growing A.M. Eatery segment. Keke’s will maintain its independent operations with its own leadership and marketing strategies. The acquisition is expected to provide significant growth opportunities for Denny's.