Exhibit 99.1
Investor Contact: Ken Jones
864-597-8658
NEWS RELEASE
Media Contact: Debbie Atkins
864-597-8361
DENNY'S REPORTS JUNE SAME-STORE SALES
Spartanburg, S.C., July 8, 2004 - Denny's Corporation (OTCBB:DNYY)
today reported same-store sales for its company-owned Denny's restaurants during
the five-week period ended June 30, 2004, compared with the related period in
fiscal year 2003.
Five Weeks 13 Weeks
Sales: June 2004 Q2-2004
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Same-Store Sales 5.0% 4.6%
Guest Check Average 3.4% 3.4%
Guest Counts 1.6% 1.1%
Restaurant Counts: 6/30/04 12/31/03
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Company-owned 556 561
Franchised and Licensed 1,063 1,077
--------------- -------------
1,619 1,638
Denny's same-store sales results in June were positively impacted by a
timing mismatch with regard to the Memorial Day holiday weekend. Sales from the
holiday weekend were included in fiscal June this year versus fiscal May last
year. Denny's estimates this timing mismatch had a positive impact on same-store
sales for the month of approximately 1.0-2.0%.
Denny's is America's largest full-service family restaurant chain,
consisting of 556 company-owned units and 1,063 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.