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                                                                 Exhibit 99.1


Investor Contact: Ken Jones
                  864-597-8658

Media Contact:    Debbie Atkins
                  864-597-8361


           DENNY'S CONTINUES TO EXPLORE RECAPITALIZATION ALTERNATIVES

         Spartanburg, S.C., April 22, 2004 - On April 21, 2004, Denny's
Corporation (OTCBB:DNYY) furnished to the Securities and Exchange Commission a
Current Report on Form 8-K furnishing under Regulation FD certain projected
financial information (the "Presentation Information").

         The Company cautions investors and potential investors not to rely on
the Presentation Information (including with respect to fiscal 2004), as it was
not prepared for the purpose of providing the basis for an investment decision
relating to any of the securities of the Company. The projections contained in
the Presentation Information were not prepared with a view to public disclosure
and do not represent the Company's current expectations regarding a possible
transaction or the future performance of the business. Accordingly, the Company
expects actual results in the future will differ materially from those in the
projections contained in the Presentation Information.

         The Company continues to explore possible alternatives to improve its
long-term liquidity and capital structure with its financial advisor, UBS
Securities LLC. The Company has not made a determination at this time whether it
will ultimately seek to implement any specific alternative, and there can be no
assurance that, if it does, its efforts will be successful.

         Denny's is America's largest full-service family restaurant chain,
consisting of 558 company-owned units and 1,064 franchised and licensed units,
with operations in the United States, Canada, Costa Rica, Guam, Mexico, New
Zealand and Puerto Rico. For further information on Denny's, including news
releases, links to SEC filings and other financial information, please visit our
website at www.dennys.com.

         Certain matters discussed in this release may constitute forward
looking statements involving risks, uncertainties, and other factors that may
cause the actual performance of Denny's Corporation, its subsidiaries and
underlying restaurants to be materially different from the performance indicated
or implied by such statements. Factors that could cause actual performance to
differ materially from the performance indicated by such statements include,
among others: the competitive pressures from within the restaurant industry; the
level of success of the Company's operating initiatives and advertising and
promotional efforts; adverse publicity; changes in business strategy or
development plans; terms and availability of capital; regional weather
conditions; overall changes in the general economy, particularly at the retail
level; political environment (including acts of war and terrorism); and other
factors from time to time set forth in the Company's SEC reports, including but
not limited to the discussion in Management's Discussion and Analysis and the
risks identified in Exhibit 99 contained in the Company's Annual Report on Form
10-K for the year ended December 31, 2003 (and in the Company's subsequent
quarterly reports on Form 10-Q).