DENNY'S CORP (DENN)
Denny's Corp (DENN) is a restaurant chain specializing in breakfast, lunch, and dinner offerings. Founded in 1953, it is known for its full-service diners and 24/7 service model, providing a variety of classic American comfort foods. The company operates across the United States and internationally, emphasizing quick, casual dining.
Company News
Denny's is celebrating National Waffle Week from September 7-13 with a Buy One, Get One (BOGO) deal on waffles, DIY waffle sandwich hacks, and social media engagement, encouraging customers to get creative with their meal combinations.
Denny's Canada will donate $5 from each $9.99 Riders Slam Special sold at Saskatchewan locations on specific dates in 2025, supporting the Saskatchewan Roughrider Foundation's Reading Program for youth literacy and mental wellness.
Denny's stock crashed after the company reported poor financial results, including a drop in same-store sales and plans to close 70-90 underperforming restaurants in 2025. The company is struggling to stimulate sales growth and improve profit margins.
Denny's reported Q2 2024 revenue of $115.93 million, down 0.9% year-over-year, and EPS of $0.13, down from $0.14 in the prior-year quarter. The results missed analyst estimates, with revenue falling short by 2.51% and EPS missing by 23.53%. Key metrics like same-restaurant sales and restaurant unit counts also fell short of expectations.
"What companies do during this time period will serve as evidence of whether they are truly committed or were just jumping on the DEI bandwagon in 2020."
