
	Quarter Ended June 25, 2025						Two Quarters Ended June 25, 2025
	Denny's		Other		Total		Denny's		Other		Total
Revenues	(In thousands)						(In thousands)
Company restaurant sales	$	48,474	$	9,921	$	58,395	$	94,180	$	18,115	$	112,295
Franchise and license revenue:
Royalties	27,912		1,179		29,091		54,504		2,424		56,928
Advertising revenue	19,047		443		19,490		37,667		896		38,563
Initial and other fees	2,742		62		2,804		5,471		207		5,678
Occupancy revenue	7,844		33		7,877		15,764		66		15,830
Total franchise and license revenue	57,545		1,717		59,262		113,406		3,593		116,999
Total operating revenue	106,019		11,638		117,657		207,586		21,708		229,294
Cost and expenses
Costs of company restaurant sales, excluding depreciation and amortization:
Product costs	12,301		2,785		15,086		24,020		5,277		29,297
Payroll and benefits	17,971		3,898		21,869		35,664		7,301		42,965
Occupancy costs	3,909		1,272		5,181		7,906		2,334		10,240
Other operating expenses:
Utilities	1,516		313		1,829		2,975		548		3,523
Repairs and maintenance	742		105		847		1,506		177		1,683
Marketing	2,085		301		2,386		3,898		516		4,414
Legal settlements	382		9		391		807		(11)		796
Pre-opening costs	—		645		645		—		1,354		1,354
Other direct costs	3,258		853		4,111		6,568		1,530		8,098
Total costs of company restaurant sales, excluding depreciation and amortization	42,164		10,181		52,345		83,344		19,026		102,370
Costs of franchise and license revenue, excluding depreciation and amortization:
Advertising costs	19,047		443		19,490		37,667		896		38,563
Occupancy costs	4,839		33		4,872		9,739		66		9,805
Other direct costs	4,580		275		4,855		8,520		683		9,203
Total costs of franchise and license revenue, excluding depreciation and amortization	28,466		751		29,217		55,926		1,645		57,571
Total restaurant-level operating margin	35,389		706		36,095		68,316		1,037		69,353
Reconciliation of restaurant-level operating margin to net income
General and administrative expenses					21,445						41,475
Depreciation and amortization					4,378						8,485

Operating (gains), losses and other charges, net					1,700						5,611
Total other operating expenses					27,523						55,571
Operating income					8,572						13,782
Interest expense, net					5,374						9,802
Other nonoperating income, net					(563)						(401)
Income before income taxes					3,761						4,381
Provision for income taxes					1,291						1,585
Net income					$	2,470					$	2,796


	Quarter Ended June 26, 2024						Two Quarters Ended June 26, 2024
	Denny's		Other		Total		Denny's		Other		Total
Revenues	(In thousands)						(In thousands)
Company restaurant sales	$	49,557	$	4,791	$	54,348	$	97,724	$	8,966	$	106,690
Franchise and license revenue:
Royalties	28,781		1,233		30,014		56,830		2,490		59,320
Advertising revenue	20,339		449		20,788		38,019		907		38,926
Initial and other fees	2,369		79		2,448		4,112		152		4,264
Occupancy revenue	8,306		23		8,329		16,678		23		16,701
Total franchise and license revenue	59,795		1,784		61,579		115,639		3,572		119,211
Total operating revenue	109,352		6,575		115,927		213,363		12,538		225,901
Cost and expenses
Costs of company restaurant sales, excluding depreciation and amortization:
Product costs	12,340		1,292		13,632		24,544		2,399		26,943
Payroll and benefits	18,374		2,119		20,493		37,031		3,936		40,967
Occupancy costs	4,031		640		4,671		8,044		1,200		9,244
Other operating expenses:
Utilities	1,550		145		1,695		3,097		253		3,350
Repairs and maintenance	947		61		1,008		1,924		89		2,013
Marketing	1,758		118		1,876		3,239		241		3,480
Legal settlements	197		11		208		1,646		11		1,657
Pre-opening costs	—		191		191		—		557		557
Other direct costs	3,418		386		3,804		6,648		837		7,485
Total costs of company restaurant sales, excluding depreciation and amortization	42,615		4,963		47,578		86,173		9,523		95,696
Costs of franchise and license revenue, excluding depreciation and amortization:
Advertising costs	20,339		449		20,788		38,019		907		38,926
Occupancy costs	5,072		22		5,094		10,204		22		10,226
Other direct costs	7,251		295		7,546		11,232		418		11,650
Total costs of franchise and license revenue, excluding depreciation and amortization	32,662		766		33,428		59,455		1,347		60,802
Total restaurant-level operating margin	34,075		846		34,921		67,735		1,668		69,403
Reconciliation of restaurant-level operating margin to net income
General and administrative expenses					20,486						41,708
Depreciation and amortization					3,735						7,316
Goodwill impairment charges					20						20
Operating (gains), losses and other charges, net					1,565						1,238
Total other operating expenses					25,806						50,282
Operating income					9,115						19,121
Interest expense, net					4,573						8,993
Other nonoperating income, net					(224)						(861)
Income before income taxes					4,766						10,989
Provision for income taxes					1,198						2,730
Net income					$	3,568					$	8,259