SPARTANBURG, SC – Denny’s Corporation, owner and operator of Denny’s Inc. and Keke’s Inc. reported results for its first quarter ended March 26, 2025 and provided a business update on the Company’s operations.
Kelli Valade, Chief Executive Officer, stated in a recent press release, “The beginning of the year has presented significant challenges for consumers, which is evident in our results. Our teams have remained focused on executing against our strategic initiatives and winning with our guests, despite these macro headwinds. This included staying true to our Denny’s flagship, by focusing on compelling value, being strategic in reaching new younger demographics through innovative partnerships and new menu offerings. Keke’s continued to steal share in its home state of Florida while also growing to its seventh state, Georgia. The dedication of our teams and franchisees continue to push our brands forward and we remain committed to navigating these headwinds together.”
First Quarter 2025 Highlights
- Total operating revenue was $111.6 million compared to $110.0 million for the prior year quarter.
- Keke’s domestic system-wide same-restaurant sales increased 3.9% compared to the prior year quarter.
- Denny’s opened six franchised restaurants.
- Denny’s completed six remodels, including five at company restaurants.
- Keke’s opened three new cafes including the first in Georgia.
- Keke’s acquired five franchised cafes.
- Operating income was $5.2 million compared to $10.0 million for the prior year quarter.
- Net income was $0.3 million, or $0.01 per diluted share.
- Adjusted net income and adjusted net income per share were $4.2 million and $0.08, respectively.
- Adjusted EBITDA was $16.8 million.
First Quarter 2025 Results
Total operating revenue was $111.6 million compared to $110.0 million for the prior year quarter…