COMPANY DESCRIPTION

Dennys Corporation incorporated on September 29, 1988, operates a franchised full-service restaurant chain. The Company, through its subsidiary, Dennys, Inc., owns and operates the Dennys brand. As of December 28, 2016, the Dennys brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations. As of December 28, 2016, 1,564 of its restaurants were franchised or licensed and 169 were Company-operated. In addition to its breakfast-all-day items, Dennys offers a selection of lunch and dinner items, including burgers, sandwiches, salads and skillet entrees, along with an assortment of beverages, appetizers and desserts. The Companys Fit Fare menu helps its guests identify items suited to their dietary needs. Most Dennys restaurants offer special items for children and seniors. The Company has restaurant locations within travel centers, primarily with Pilot and Pilot Flying J Travel Centers. As of December 28, 2016, it had four travel center restaurants in partnership with Kwik Trip convenience stores. It also has nontraditional locations, which are primarily on university campuses. As of December 28, 2016, the Company had approximately 80 domestic franchised restaurants in its development pipeline. As of December 28, 2016, its international pipeline included 27 restaurants in the Middle East, 15 in Indonesia, 12 in Canada, 10 in Turkey, eight in the Philippines and eight in Mexico. As of December 28, 2016, it also included 14 international franchised locations, including four in Canada, three in Mexico, two in Honduras, two in the Philippines, one in the United Arab Emirates, one in Trinidad and one in Puerto Rico.