Denny's Corporation (NASDAQ:DENN) wrapped up 2024 with a mix of resilience and strategic ambition. Same-restaurant sales showed growth1.1% for Denny's and 3.0% for Keke'ssignaling steady momentum despite economic challenges. Keke's continued its aggressive expansion, opening eight new cafes and entering four states, including key markets like California and Texas. Meanwhile, Denny's leaned into its "Diner 2.0" remodel initiative, completing 23 upgrades to modernize its brand. The company also made tough but strategic decisions, closing 88 underperforming Denny's locations to prioritize profitability.
We close 2024 proud of these and other accomplishments, and recognize there is still more to do, said Kelli Valade, CEO of Denny's Corporation. The company expects 2024 Adjusted EBITDA to land at the lower end of its $81-84 million guidance. Keke's, the growth engine of the portfolio, added 12 restaurants this yeara brand recordand launched its first remodel tests, showing the company's commitment to elevating customer experience and capturing new market share.
Investors should circle February 12, 2025, when Denny's unveils its full-year results and 2025 game plan. Before that, CEO Valade will offer insights at the ICR Conference on January 14, outlining how Denny's plans to navigate the evolving dining industry. With sharp strategic moves, fresh upgrades, and continued expansion, Denny's is setting itself up to deliver big for shareholders in 2025 and beyond.
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