Profile: Denny's Corp (DENN.OQ)

Denny’s Corporation (Denny’s) operates a family-style restaurant chains in the United States. Denny’s, through its wholly owned subsidiary, Denny’s, Inc., owns and operates the Denny’s restaurant brand. The Company offers a variety of items for breakfast, lunch, and dinner, in addition to appetizers, desserts and beverages. At December 28, 2011, the Denny’s brand consisted of 1,685 restaurants, 1,479 (88%) of which were franchised/licensed restaurants and 206 (12%) of which were Company-owned and operated. During the fiscal year ended December 28, 2011 (fiscal 2011), it opened five licensed locations on university campuses, which operate under either the Denny’s Fresh Express or Denny’s AllNighter names.

During 2011, the Company opened five international franchised locations in Honduras, Costa Rica, New Zealand and Canada, some of which were under development agreements. The Company began converting Pilot Flying J. to Denny’s in July 2010 and, as of December 28, 2011, had converted 123 sites, 23 of which operate as company restaurants, and 100 of which operate as franchise restaurants, thus completing the Flying J conversions. In addition to the development agreements signed for domestic restaurants, it has signed development agreements for 39 international restaurants, 10 of which have opened.