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Denny's Corporation to Present at the ICR XChange Conference

Denny's Corporation to Present at the ICR XChange Conference

 -  Achieves Seventh Consecutive Quarter of Positive System-wide Same-Store
                                  Sales -

                    - Reiterates Full Year Guidance -

SPARTANBURG, S.C., Jan. 14, 2013 (GLOBE NEWSWIRE) -- Denny's Corporation
(Nasdaq:DENN), franchisor and operator of one of America's largest
full-service restaurant chains, today announced that the company will be
presenting at the 15^th Annual ICR XChange Investor Conference at the
Fontainebleau Miami Beach hotel on Wednesday, January 16, 2013. The
presentation will be at 9:40 a.m. Eastern Time. Investors and interested
parties may access a copy of the presentation in the Investor Relations
section of Denny's website at ir.dennys.com.

The Company is providing preliminary results for the fourth quarter and full
year ended December 26, 2012 on same-store sales and unit openings. Denny's
achieved its seventh consecutive quarter of positive system-wide same-store
sales and second consecutive year of positive system-wide same-store sales. In
the fourth quarter, Denny's franchisees opened 12 new units, closed 11
restaurants and purchased eight company-owned restaurants. In addition, the
Company opened one new unit, acquired one franchised unit, and closed one
restaurant. For the full year, Denny's opened 40 new units, including six
international units. Denny's closed a total of 37 units during 2012 for net
system unit growth of three units, which is the fourth consecutive year of
positive net system growth for the brand.

                        Quarter  Year
Preliminary Results     Ended    Ended
                        12/26/12 12/26/12
                               
Same-Store Sales                
Franchised Restaurants  1.9%     1.5%
Company Restaurants     0.5%     0.2%
System-wide Restaurants 1.7%     1.3%
                               
Units Opened            13       40
Franchised & Licensed   12       39
Company                 1        1
                               
Units Refranchised      8        36

Denny's is reiterating its full year 2012 guidance for Adjusted EBITDA*
between $77 million and $80 million, and Adjusted Income Before Taxes* between
$45 million and $48 million. Denny's expects to release financial and
operating results for its fourth quarter and year ended December 26, 2012
after the market closes on Wednesday, February 20, 2013.

  * Adjusted Income Before Taxes and Adjusted EBITDA are non-GAAP metrics used
  by Denny's for earnings guidance. Please refer to the historical
  reconciliations of net income to Adjusted Income Before Taxes and Adjusted
  EBITDA included in the tables in the Third Quarter 2012 Earnings Release on
  October 30, 2012.

About Denny's Corporation

Denny's is the franchisor and operator of one of America's largest
full-service restaurant chains, based on number of units. Denny's currently
has 1,688 franchised, licensed, and company-owned restaurants around the world
with combined sales of $2.5 billion including 1,590 restaurants in the United
States and 98 restaurants in Canada, Costa Rica, Mexico, Honduras, Guam,
Curaçao, Puerto Rico, Dominican Republic and New Zealand. As of December 26,
2012, 1,524 of Denny's restaurants were franchised and 164 restaurants were
company-owned and operated. For further information on Denny's, including news
releases, links to SEC filings and other financial information, please visit
the Denny's investor relations website.

The Denny's Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16562

The Company urges caution in considering its current trends and any outlook on
earnings disclosed in this press release. In addition, certain matters
discussed in this release may constitute forward-looking statements. These
forward-looking statements, which reflect our best judgment based on factors
currently known, are intended to speak only as of the date such statements are
made and involve 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. Words such as "expects", "anticipates",
"believes", "intends", "plans", "hopes", and variations of such words and
similar expressions are intended to identify such forward-looking statements.
Except as may be required by law, the Company expressly disclaims any
obligation to update these forward-looking statements to reflect events or
circumstances after the date of this release or to reflect the occurrence of
unanticipated events. Factors that could cause actual performance to differ
materially from the performance indicated by these forward-looking statements
include, among others:the competitive pressures from within the restaurant
industry; the level of success of the Company's strategic and operating
initiatives, 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 and other filings, including but not limited to the discussion in
Management's Discussion and Analysis and the risks identified in Item 1A. Risk
Factors contained in the Company's Annual Report on Form 10-K for the year
ended December 28, 2011 (and in the Company's subsequent quarterly reports on
Form 10-Q).

CONTACT: Investor Contact: Whit Kincaid
         877-784-7167
        
         Media Contact: Liz DiTrapano, ICR
         646-277-1226

Denny's Corporation Logo
 
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