RISE - Menu Monitor

Franchise Activity |
Denny’s Corporation announced the start of its new Franchise Growth Initiative, a development program designed to spur
growth of the chain in new markets across the country. Under the new program, multi-unit transactions have already been
signed, including the sale of 34 corporate Denny’s stores to new and existing Denny’s franchisees, and agreements with those
franchisees that call for the launch of more than 25 new restaurants. (Company Release 6/27/07)
Personnel |
Margaret L. Jenkins, Chief Marketing Officer
Sam Wilensky, S.V.P. of Operations
Peter Gibbons, V.P. of Product Development
Nelson Marchioli, CEO
Mark Wolfinger, CFO
Mark Smith, V.P. of Purchasing
Denny’s named Louis Laguardia vice president, talent acquisition and diversity. Previously, Laguardia served as vice president
of staffing and diversity for Frito Lay North America. (Company Release 12/26/06)
Denny’s named Mark Chmiel Senior Vice President of Concept Innovation, effective immediately. Previously, Chmiel served
as Chief Marketing Strategist for Fresh Enterprises Inc. Chmiel’s new position at Denny’s is newly created. (Company Release
4/10/07)
Denny’s Corp. announced Jay C. Gilmore assumed the additional role of Chief Accounting Officer, effective May 23. Gilmore
currently holds the positions of Vice President and Corporate Controller. The role of Chief Accounting Officer was usually held
by Denny’s Chief Financial Officer, but shifted to Corporate Controller. (Company Release 5/23/07)
Denny’s Corp. reached an understanding with its Senior Vice President and Chief Marketing Officer, Margaret L. Jenkins, to
terminate Jenkins’ employment with the company, effective August 31. The separation agreement includes a lump sum
severance payment of approximately $1.3 million, the immediate vesting of all stock options to Jenkins and a one-time
payment from the company to Jenkins equal to the difference between the COBRA rate for continuation of the company’s
group health benefits and the current active employee group health benefit premium rate for the next 24 months. (Company
Release 8/3/07)
News & Other |
Denny’s Corporation reported for the third quarter ended September 27 net earnings increased 6.5% to $25.5 million from a
net loss of $3.4 million for the same period last year. Revenues grew 3.8% to $258.2 million. Same-store sales rose 3.9%.
(Company Release 10/26/06)
Denny’s Corp. reported November same-store sales increased 0.1%. (NRN Daily NewsFax 12/4/06)
Denny’s is planning to remove trans fats from its 1,500 units. This would include partially hydrogenated oils in foods prepared
outside its kitchens. The company anticipates that the change to zero-trans-fat frying oil and trans fat-free margarines will be
completed by June 2007. (NRN Daily NewsFax 12/12/06; TheState.com 12/12/06)
Denny’s reported for the fourth quarter ended December 27 net earnings increased to $2.3 million from a loss of $4.5 million
for the same period last year. Revenues grew 0.4% to $244.4 million from $243.4 million. Same-store sales rose 1.6%.
(Company Release 2/15/07)
Denny’s reported for the first quarter ended March 28 net earnings increased 71.4% to $1.2 million from $0.7 million for the
same period last year. Revenues decreased 4.5% to $236.8 million from $248 million. Same-store sales fell 1.8% at companyowned
units and 0.7% at franchised units. (Company Release 5/1/07)
Denny’s suspended future purchases from poultry supplier House of Raeford over allegations of animal mistreatment. This
announcement comes after a video of practices at a House of Raeford cultivation facility was made public by an animal
welfare group. Denny’s says it is adamant about maintaining relationships with suppliers that adhere to animal welfare
standards. (Yahoo! Finance 5/21/07; NRN Daily NewsFax 5/29/07)
Denny’s reported for the second quarter ended June 27 net earnings increased to $11.5 million from $1.9 million for the same
period last year. Revenues declined 1.1% to $240.9 million from $243.5 million. Same-store sales grew 2.8% at companyowned
units and $4.0% at franchised locations. (Company Release 7/31/07)
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