Denny’s Enters Exclusive Test Agreement With Franklin Junction
09 January 2024 - 8:15AM
Denny’s Corporation (the "Company") (NASDAQ: DENN), owner and
operator of Denny's Inc. ("Denny's") and Keke's Inc. ("Keke's")
today announced it has entered an expansive agreement with Franklin
Junction, the global leader in branded virtual restaurants. The
agreement provides that Franklin Junction will partner with at
least 250 domestic Denny’s restaurants providing geographic
exclusivity for these restaurants to accelerate Denny’s market
presence through its innovative Host Kitchen® platform.
“Our off-premises sales channels are a unique
strength for Denny’s, and we are excited about the opportunity to
further advance our leadership position in the market,” said Kelli
Valade, Denny’s President and Chief Executive Officer. “This new
partnership with Franklin Junction will allow us to deliver even
more amazing guests experiences.”
The Host Kitchen® platform, pioneered by
Franklin Junction, enables restaurant brands access to capital-free
expansion in new markets as virtual restaurants, whereby orders are
produced locally by Franklin Junction’s Host Kitchen® fulfillment
partners.
“We are excited to collaborate with Denny’s to
host new virtual concepts through their vast restaurant footprint,”
said Rishi Nigam, CEO and Co-Founder of Franklin Junction. “With
our groundbreaking Host Kitchen® platform, we are revolutionizing
the way restaurants expand market share, and this relationship
marks an exciting milestone in our mission to redefine restaurant
economics and the future of dining.”
About Franklin Junction
Franklin Junction is the world’s leading virtual restaurant
platform with operations in North America, Europe, and Asia and has
been widely recognized for revolutionizing the foodservice industry
by creating the concept of Host Kitchen®, which allows restaurants
to maximize underutilized kitchen capacity by fulfilling delivery
orders for other concepts, creating high-margin, incremental
revenue for both host, and concept partners. Powered by proprietary
eCommerce technology solutions and deep industry expertise,
Franklin Junction enables restaurants to expand their reach,
optimize resources, and meet the evolving demands of diners in a
digital-first world. Franklin Junction’s technology suite includes
AI-driven matchmaking, order generation, order aggregation, and
operations solutions tools for supply chain, training, marketing,
quality control, and accounting. For more information, visit
franklinjunction.com.
About Denny's Corporation
Denny’s Corporation is one of America’s largest full-service
restaurant chains based on number of restaurants. As of
December 27, 2023, the Company consisted of 1,631 restaurants,
1,558 of which were franchised and licensed restaurants and 73 of
which were company operated.
Denny's Corporation consists of the Denny’s brand and the Keke’s
brand. As of December 27, 2023, the Denny's brand consisted of
1,573 global restaurants, 1,508 of which were franchised and
licensed restaurants and 65 of which were company operated. As of
December 27, 2023, the Keke's brand consisted of 58
restaurants, 50 of which were franchised restaurants and 8 of which
were company operated.
For further information on Denny's Corporation, including news
releases, links to SEC filings, and other financial information,
please visit investor.dennys.com.
Investor Contact: 877-784-7167
Media Contact: 864-597-8005
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