DENNY'S Corp
investor.dennys.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 4, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Feb 10, 2026.
10-Q for Q3 FY2025, filed Nov 4, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Operates and franchises Denny’s diners and Keke’s breakfast cafes, selling meals to restaurant guests.
10-K for FY2024, filed Feb 24, 2025Denny’s Corporation, or the “Company”, a Delaware corporation, is one of America’s largest franchised full-service restaurant chains. The…View ↗
Denny’s is known as “America’s Diner”, or in the case of our international locations, “the local diner.” Open 24/7 in most locations, we…View ↗
We acquired Keke's on July 20, 2022. Keke’s is a daytime eatery dedicated to providing a consistently outstanding breakfast experience…View ↗
How Did They Make Money?
Guests pay for meals when they buy food at company-run restaurants. Franchisees pay sales-based royalties and advertising contributions, usually collected weekly, initial fees when they sign, and fees for services, equipment and rent; equipment is billed when installed, while rent is paid over the lease term.
10-K for FY2024, filed Feb 24, 2025Company Restaurant Revenue. Company restaurant revenue is recognized at the point in time when food and beverage products are sold at…View ↗
Royalty and advertising revenues represent sales-based royalties that are recognized in the period in which the sales occur. Sales-based…View ↗
Initial and other fees include initial, successor and assignment franchise fees (“initial franchise fees”). Initial franchise fees are…View ↗
Initial and other fees also include revenue that are distinct from the franchise agreement and are separate performance obligations.…View ↗
Occupancy revenue results from leasing or subleasing restaurants to franchisees and is recognized over the term of the lease agreement.View ↗
With the exception of initial and other franchise fees, revenues are typically billed and collected on a weekly basis. Our ten largest…View ↗
$452.3M
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10-K for FY2024, filed Feb 24, 2025
$452.3M ↗
Who Were Their Customers?
Diners buy meals at company-run and franchised restaurants, including for takeout and delivery. Franchise operators pay royalties and fees to the company.
10-K for FY2024, filed Feb 24, 2025Denny’s is known as “America’s Diner”, or in the case of our international locations, “the local diner.” Open 24/7 in most locations, we…View ↗
As “America’s Diner,” Denny’s has created a menu featuring a large selection of craveable items served in a friendly and welcoming…View ↗
The primary sources of revenues for all operating segments are the sale of food and beverages at our company restaurants and the collection…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2024.
10-K for FY2024, filed Feb 24, 2025
How Were They Changing?
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Jan 16, 2026
TriArtisan, Treville and Yadav completed their acquisition of Denny’s
Stockholders received $6.25 per share in cash, and Denny’s shares ceased trading on Nasdaq.
Sources
8-K, filed Jan 16, 2026
In connection with closing, Denny’s stockholders received $6.25 per share in cash for each share of Denny’s common stock they own. Denny’s…View ↗
Grew. Revenue grew 57% in 4 years, from $288.6M in FY2020 to $452.3M in FY2024, about 12% a year.
Keke’s added
The latest report includes Keke’s, a breakfast-focused daytime cafe brand, alongside Denny’s; the older report described Denny’s alone.
10-K for FY2021, filed Feb 28, 2022 10-K for FY2024, filed Feb 24, 2025Description of BusinessView ↗
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