Logotype for Denny's Corporation

Denny's (DENN) investor relations material

Denny's Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Denny's Corporation
Q2 2025 earnings summary4 Aug, 2025

Executive summary

  • System-wide same-restaurant sales declined 1.3% year-over-year, a 170bps sequential improvement, while Keke's grew 4.0% and outperformed regional benchmarks for the fourth straight quarter.

  • Off-premise and digital initiatives contributed to sales improvement, with off-premise representing 21% of Denny's and 16% of Keke's sales.

  • Keke's opened eight new cafes, refranchised three, and launched its first system-wide promotion; Denny's completed 14 remodels and opened three franchised restaurants.

  • Both brands advanced aggressive remodels, with over 55% of Denny's and 70% of Keke's company fleets upgraded.

  • Strategic initiatives included value-focused promotions, digital loyalty program launch, and continued portfolio rationalization.

Financial highlights

  • Total operating revenue for Q2 2025 was $117.7M, up from $115.9M year-over-year, driven by Keke's expansion and offset by Denny's franchise closures.

  • Net income for the quarter was $2.5M ($0.05 per diluted share), with adjusted net income at $4.8M ($0.09 per share).

  • Adjusted EBITDA for Q2 2025 was $18.8M; adjusted EBITDA margin was 15.5%.

  • Franchise and license revenue was $59.3M, down from $61.6M year-over-year, due to fewer Denny's franchise units and softer sales.

  • Adjusted company restaurant operating margin was $6.7M (11.5% of sales), down from $13.7M (12.9%) year-over-year, impacted by higher product costs and new cafe inefficiencies.

Outlook and guidance

  • Full-year 2025 same-restaurant sales for Denny's expected between -2.0% and 1.0%; adjusted EBITDA guidance is $80–$85M.

  • Projecting 25–40 new openings and 70–90 closures for the year, consistent with the strategy to close underperforming units.

  • Commodity inflation forecasted at 3–5%; labor inflation at 2.5–3.5%.

  • G&A guidance remains $80M–$85M, including $1M for the 53rd week.

  • Share repurchases expected between $15M–$25M for the year.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Denny's earnings date

Logotype for Denny's Corporation
Q3 20254 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Denny's earnings date

Logotype for Denny's Corporation
Q3 20254 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Denny's Corporation operates and franchises full-service restaurants under the Denny’s brand. The company serves breakfast, lunch, and dinner items 24/7 in a casual dining format across locations in the United States and select international markets. It operates through both company-owned and franchised restaurants. The company is headquartered in Spartanburg, South Carolina, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage