Denny’s Corp. reported mixed same-store-sales results for its diner and Keke’s brands in the second quarter, with a decline of 1.3% at Denny’s and an increase of 4% at Keke’s Inc. Denny’s also saw a net income of $2.5 million, a decrease from $3.6 million in the same period last year.
CEO Kelli Valade highlighted the company’s agility in meeting consumer needs, focusing on value platforms, off-premises strength, and franchise system optimization. Denny’s trimmed corporate expenses by 3.5% compared to the previous year. The company also completed 14 remodels and opened eight new Keke’s cafes in the quarter.
Revenue for the quarter was $117.7 million, driven by additional Keke’s company units but offset by the closure of lower-volume franchised Denny’s stores. Denny’s has 1,558 restaurants as of June 25, including 74 Keke’s locations. The company continues to focus on growth and adaptation to changing consumer trends.
Read more at Yahoo Finance: Denny’s notes ‘near-term choppiness’ as same-store sales dip 1.3%
