Denny’s shooting culminates in $79.5 mil lawsuit

A 2007 shooting at Denny’s Restaurant in Kent is culminating in a $79.5 million lawsuit and the subpoenaing of the company’s top brass to a Seattle courtroom.

In the trial, which starts Monday, Seattle attorney Ron Perey is representing Steve Tolenoa, a Kent resident who was left a quadriplegic as a result of the Jan. 21 shooting spree. In addition to the $79 million for Tolenoa’s estimated loss in pay and continued medical needs, Perey also is seeking $530,000 in damages for customer Lisa Beltran-Walker, who was shot in the knee, and her husband Carl Walker, for emotional distress and medical bills.

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Denny’s Announces Opening of First Denny’s Café

The opening of the first Denny’s Café location will take place on November 12, 2010, in Orange, California. Denny’s Café leverages the traditional Denny’s brand image to offer diners the same family restaurant experience in a setting that provides a faster service model, where guests will be able to order from menu boards at the counter, select their table and have the food delivered directly to them. Denny’s Café features a more abbreviated menu, offering most of the traditional favorites found at Denny’s, including the ‘$2 $4 $6 $8’ value menu.

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Dennys reports 3rd quarter 2010 results

Third Quarter Summary

• Same-store guest counts rose 2.3% at company units, the strongest performance since the first quarter of 2005
• Same-store sales decreased 0.7% at company units and 1.2% at franchised units
• Opened 61 new units, including 48 Flying J conversion sites and 4 units at university locations
• Secured industry veterans for the Chief Marketing Officer and Chief Operating Officer positions
• Net income of $9.9 million, or $0.10 per diluted share

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Denny's Corporation Reports Results for the Second Quarter 2010

SPARTANBURG, S.C., Aug 03, 2010 (BUSINESS WIRE) --

Denny's Corporation (NASDAQ: DENN) today reported results for its second quarter ended June 30, 2010.

Second Quarter Summary

•Same-store guest counts decreased 3.7% and were sequentially stronger each month in the quarter. This reflects an improvement of 1.9 percentage points from the first quarter and represents Denny's strongest guest count performance since the first quarter of 2009.

•Same-store sales decreased 6.2% at company units and 5.9% at franchised units
 
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Denny's to convert 140 Flying J Restaurants

Restaurant chain Denny's Corp. said Thursday it will begin converting the restaurant portions of 140 Flying J Travel Centers to the Denny's brand beginning in July.

Denny's was selected in March by Pilot Travel Centers LLC to provide the restaurant sections of its travel centers. Pilot won Federal Trade Commission approval to acquire rival Flying Jay on Wednesday. The company is now called Pilot Flying J.

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Denny's shares climb after CEO departs

CHICAGO — Shares of Denny's Corp. soared Wednesday after the struggling restaurant chain said it was replacing CEO Nelson Marchioli with board Chairwoman Debra Smithart-Oglesby on an interim basis and looking for a permanent replacement.

THE SPARK: Tuesday evening's announcement came less than a month after the end of bitter proxy fight with investors that had pushed to oust Marchioli, Smithart-Oglesby and former Chairman Robert Marks from the company's board.

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Unhappy Stock Owners Say Denny's Is No Grand Slam

After canvassing a number of large and small institutional shareholders both supportive and critical of CEO Nelson Marchioli, Barron's concludes the dissidents are supported by stockholders of as much as 35% of Denny's shares outstanding, which would give them at least one of the three board seats sought in the May 19 vote. How many are won will depend on a few very large institutional holders, which together own about 75% of Denny's stock.

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Denny's Takes Aim at Quick Service

2010-04-01] Denny's (NASDAQ: DENN) will redefine the concept of traditional value menus on April 3, with the nationwide introduction of its new $2 $4 $6 $8 Value Menu.


Denny's first-ever, all day, every day value menu will provide consumers a variety of meal choices at affordable prices, featuring traditional favorites as well as new a la carte menu items for breakfast, lunch, dinner, dessert, and late night.

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Denny's Corporation Reports Results for Fourth Quarter and Full Year 2009

SPARTANBURG, S.C., Feb 17, 2010 (BUSINESS WIRE) -- Denny's Corporation (NASDAQ:DENN) today reported results for its fourth quarter and year ended December 30th, 2009.
Full Year Summary

•Opened forty new restaurants and delivered positive system unit growth of ten restaurants
•Sold eighty-one company restaurants under Denny's Franchise Growth Initiative (FGI); franchised restaurants are now 85% of Denny's system
•Net income of $41.6 million, including $19.4 million of gains on sale of assets
•Adjusted income before taxes* grew $6.8 million, or 29%, to $30.0 million
•Generated $40.7 million in cash proceeds from asset sales and reduced outstanding debt by $49.0 million
•Same-store sales decreased 3.7% at company units and 5.2% at franchised units

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Denny's shakes up top management as sales slump

SPARTANBURG, S.C. (AP) -- Denny's Corp. on Friday unveiled a top management shake-up as sales growth remains sluggish at the casual dining restaurant chain.

Out are Mark Chmiel, chief marketing and innovation officer, and Janis Emplit, chief operating officer. Their duties will be split among the marketing and operations teams while Denny's is searching for their replacements.

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Denny's Corporation Reports Results for the Third Quarter 2009

Third Quarter Highlights


Opened nine new franchised restaurants and sold seven company restaurants under Denny's Franchise Growth Initiative (FGI) - franchised restaurants now 83% of Denny's system
Net income was $10.0 million, which included $3.1 million from gains on sales of assets
Adjusted income before taxes grew 6.9% to $9.1 million
Reduced debt by an additional $9.8 million
Same-store sales decreased 6.6% at company units and 7.3% at franchised units
Company restaurant operating margin improved 3.0 percentage points to 16.3% of sales, primarily due to favorable workers' compensation claims developments

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Denny's Corporation Reports Results for the Second Quarter 2009

SPARTANBURG, S.C., Aug 04, 2009 (BUSINESS WIRE) -- Denny's Corporation (NASDAQ: DENN) today reported results for the second quarter ended July 1, 2009.
Second Quarter Highlights
Adjusted income before taxes grew $1.6 million to $7.3 million
Net income increased $6.2 million due primarily to $6.4 million less in restructuring charges
Opened 10 new franchised restaurants and sold 22 company restaurants under Denny's Franchise Growth Initiative (FGI) - increased franchised restaurants to 83% of Denny's system
Voluntarily paid down $9.4 million in debt
Same-store sales decreased 2.7% at company units and decreased 4.7% at franchised units
Company restaurant operating margin improved by 1.8 percentage points to 14.3% of sales

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Denny's Corporation Reports Results for the First Quarter 2009

SPARTANBURG, S.C., May 05, 2009 (BUSINESS WIRE) -- Denny's Corporation (NASDAQ: DENN) today reported results for its first quarter ended April 1, 2009.
First Quarter Summary
Sold 30 company restaurants to franchisees under Denny's Franchise Growth Initiative (FGI)
Opened 11 new restaurants (10 franchised and one company)
Increased franchised restaurants to 82% of Denny's system
Same-store sales decreased 1.4% at franchised units and increased 0.3% at company units
Adjusted income before taxes increased $2.6 million to $4.6 million
Net income increased $0.2 million despite $9.2 million less in asset sale gains

Denny's Franchisee Association to Form Purchasing Co-Op, Marketing Advisory Council

This seems strange that they are just getting around to this now.