Denny's Franchise Opens 1,600th Restaurant Location

Denny's Franchise Opens 1,600th Restaurant Location

Brand Reclaims Position as America's Largest Family-Service Restaurant

SPARTANBURG, S.C. (BUSINESS WIRE) -- Denny's Corporation (NASDAQ: DENN), today announced the opening of its 1,600th restaurant, located in Sioux Falls, South Dakota. The 1,600th restaurant marks a significant milestone for the Company, putting Denny's back into the top spot in terms of locations in the family-restaurant segment.

The Company's recent unit growth stems from an ongoing multi-year transformation at Denny's that is reenergizing the brand and improving business performance. The Company's Franchise Growth Initiative (FGI) continues to transition company-owned stores to franchisees and stimulate additional unit growth, while the previously announced partnership with Pilot/Flying J Travel Centers is accelerating the pace of unit growth. Denny's conversion of existing restaurants at Flying J Travel Centers is anticipated to yield up to 140 new Denny's units by early next year along America's highways.

The Sioux Falls, South Dakota Denny's opening is a Flying J conversion owned by franchisee Ken Herslip of LaMore Restaurant Group, LLC.

"We are thrilled to have crossed this important milestone and even more excited by the energy and enthusiasm that exists for the Denny's brand," commented Debra Smithart-Oglesby, Interim Chief Executive Officer and Board Chair of Denny's Corporation. "We are continuing the transformation of this iconic brand by executing on our plan and delivering high quality everyday value to our guests across the system. This success is a testament to the strength of the Denny's brand and the hard work and commitment of our employees, franchisees and business partners."

About Denny's

Denny's (NASDAQ: DENN) is America's largest full-service family restaurant chain, serving classic American food and every day value 24 hours a day, 365 days a year. Based in Spartanburg, S.C., Denny's currently operates 1,600 franchised, licensed, and Company-owned restaurants across the United States, Canada, Costa Rica, Mexico, Guam, Puerto Rico and New Zealand.

SOURCE: Denny's Corporation



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