Denny's 1982 Annual Report (1983)

16.7 MB·English

by  Marty (Costa Mesa)

Denny§, Inc.
1982 Annual Report

New Items Create
Menu Interest
and Boost Sales

"1982 Highlights
“SYSTEMWIDE SALES RFACH 5106 BTTLION

‘CORPORATE REVENUES UP 12% TO
3956 MILLION

NET INCOME $97 MILLION,
EARNINGS PER SHARE $2.47

KESTAURANT DIVISION GROWUI
ACCELERATES

\WINCHELE'S MARGINS CONTINUE
IMPROVEMENT

1982 Financial Summary

sr a tune

me oat
Cerperae
opering neare

Par dave

Smite nn $H68 BBR Sy

‘Working capital frorr operations ‘Shareholders’ oq ity
| | |
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Letter to Shareholders

bDarng the yenvended June 1982 Dee's. Ine

corrinued lorrake yroyress tard isobjective of

leadership he =oeleratay

‘gen he Food

an eainiegs woreachioved necme af cacti

poanore wwalenees ive sles Statien

‘ssa us rch re tne exceeded ST allie
Compan rasenans were $9
rom tha pravious year, wee insane
onsets to $05 Silo
Larrings per snare were 2.47, 922.3%
roan 2.02 in 198, aera lens
steccepl of

forthe or
fei, 19

‘These resus slreneyher our heliat
that custorners wil respon a good
‘alue and compe live Tecinas at qealty
tone and serviee al reasonable prices
2y to bene
cur eusiomess, employees, and share
bolsers 2 o"eving such qual food

tie ou missin nee Cor

ue People
Arable groun:

essere tc

ct
Iredtsiors, and the corpora ae! lWsion

Company ahd

‘oSicerenave cemontnaled both abbey and
crahioin saving prose thal Pave arsenal

4

tne paar an in zeae a ew ronrnert 2 erable

aslo reachonsr patent The apara onl, fisewil
few marketing desks mace by ths group in

rece yoarearerosesres in gurcesels, With that

tpidhowc, 000vakeee Dersu's erroeest have

Telpaslasachieve a successfel sear

Restaurant Disielon

Danny's Restaurant Divison ieineraasiagits sare
of the market

Aeminated

sleconest

omer on
lar aeat
segment aw
somes com

regional
According 10
CREST. 4
rearkting
organization
fede

sersice corpo 68, Danny's snare of revernes of

Ube fiemeior fe cerca, ederaley pret,

fnwrilyrestaucart chains grow frame 14% for

twelee nw iserdes February 1979 le 25% fo tae

(Capital additions and cashflow
selvarranths ended Mar 1982, Durrg his necloe
aruncter of these chains siguitiearlydesrecsed
‘hair zete of exzansion and scope of erations
Denny’ salsa reduced itszave oF expunsion while
weroavalunted our se selection ereriaane de

vetopalamoreupprosraleRes cura Wie
hour ate of expe

necro fe ks
sion ls weveasins Weplea dace’ wp abou Sse
‘Rastaurarts ls sca! 1984, 4 seabie neces Fen
the 28 developed ithe year cnueredl by usreper’
Consicerablarine hae been snort on ieaviying
ageogrepsic reglens where we sea cnportnitien a
“improve cur compet ue position

Daring he year we acquired 33 Resaurants fo
other chaz whieh have 22en ar will everradeed
owed converted to Denny’s, Adeitcnally, wa have
sqreedtoncauire
Souther California
watch willbe com:
verted oDesmy's
peginring Oe cer
1882. Tals roars
rasallawee nce
bia ig quali
silesnocothersrise
valle for es
art gee
btw
of deve oping wssoueseoes, Our approach,
muncer, has aot angel n thal sy corse le

Srareholders’ equity to total capital

‘ow set eter for new stelecalions: Que
Lesprecefanelal coronal ir has ack
Fr prasiblera maven theses opgainrligs ue They
pecoene aval,
(ur goal stn become arnorn arkel ngdl:tver
organtaatian an
2s Consequenily, weinse main monbes

tobe sortie tothe nes on

oflmrnverertste currant iskude sich igen

ondsasecean perch, mountaia trout, and surener
ssladslong with oces
pocket anewiches andegge ened: Wie conline

inal surprises such as 3.

se regionaliz our menu so cat preferences! cus
comarsin verious geograpnical are

consideration, These csges have beers bere
eg seal 198?
Seles 209 Reslauneersnscenle $i milion

I yen al 57

snare reflected ithe Feet ta:

epnpacad with 128 Restaurant
1980,

Restaurant sales
Goals

‘Shorter ese: Dision else he

followin:
1
High qvaity food. er
meets or exezeds cur eusioress exc

We nape to continue tobutldeusorrer ras

scwullol usita irgrovene
Frans operticns

Lmphasize pragrazsto imarove

‘ur rats on investment in exting

units agrzcseuretty retum on

assets We nope to accomplish his

Uscugh effsien! purchasing Frowate

coplnizng a wemeruact.rrg
artbutien vapebities raprecicg

leravart admane

agerent programs. ara the bial

150.0 pasntof sale davicestoimarove

alan obtain informatica ar

shi so ase marketing devise

Fiat cousin cegional

cnarker eadecshinin cay geagrankic

asthe bane or soe rad

# Wetter deve op and tran our people. prowidn
neentivesaenecessacy lo iproe rv
ted fuctnerraace ecmployee Monowe eletel

Donut House s

ont stereo

Donat Howee Disa
Tethe ie
tol ane wepsoftab’n Donut ssn

row sorplete. Arora. of 120 units were

nel's Dison, “ae progean: alas lowe

sre 180

better able to.

‘Cog, ad is operation sr
wih compenttvaconairiorsor the merke. Tae

‘oe emtablahed 235
prowl fr all sae cose reoced to che losing

rt 2

res agoisadedie # «

‘ines has bern

dregtheneal be be

xin 9 line
rovhets nein

omer pp
sad all sserable
Foasieiniage oa hah
alisghaleery
Asem roca
see being considered

ne Dieters

ives chore

en preciveriresian ca

say ta dag
station oF te ra
Dore Bornes Tote past bs aparations were
feccomy cl by rl asagers without detec
director, Thin rhage in anagererthas been very

les international sales
aS
wets,
costs, has resulee in imarey

companies by faunas eunenodiies
dearsins

Ontlooke

Ourout cake for the
Cemsany stnfhenced
byeonzerns acl the

eeanoz and“ abily
‘of Snalisn te cope
tox vatatle

are convinced,
however il

wiling to pa
forth the resuirl
ft! strength-
cenit osson

of our cunt iil

lion is

shania and alership promi With a sensonao'y
oena ecoreiy icing te sear cr yg dane 158%,
webelieve “ae Conrzecy szeuerues an el income
will rowat an ats !ablerate

Toakirg lange ange, many ecerarvs preset
4 cortuntion of facors that have hewsbete
8 foudaervice comprnion We
nella is cathe case as re ana Zl ns foee

Freie wel ran

ark sar: provides Fie Sesv anton bo

Jeuelsrew echoing! fer efficient penis

Total orpoyees

on

ery af fs consumes Dern

a parcofcisosckslioneyapatam, are wep
neacing sere. te dvelpei of =e
inmwvations thar wi eeu

9 Bins nt 13, 1982 sepa eh, Canine vas
tl tothe Ree at Dee es Me, Catalans
‘eure ad -nesidert of Trader Joe's Mass 20

ini Southern California Forman ke. <aain eros
{or amovarive merrhara'sicg, He: ‘sanactive and
ar Vowate com-ansy leades femal erszeatin
Food vine. ane ae von, We weleore en to
our Road

Dine BP Find

Yerrd Cen

Breslent
Ten Years of Growth

FISCAL VFAR ENDED UNE

Systemaide _
Salesof Akal: _
Spores ares] a
Castemat
satel
Operations iesreet

per a TI EEE noe

Casnrtow Bhuthhres nrc abn ow an

as a pT

Assets Bip interardenstce

Copitat ——
‘Net insera pers =tcle ii
CommonStade — SEEMEE ERS -
Roce af darobsidorsot year en= aco
Employees SE caer ng era sn

Systernuice sales Netineome
a a ia
a way Tes
pies — tin — thas Se te
sath __en ans mi as
{Sa See pores we Sit
ce a a
Sige sma — ea — rage site
SEB nee oe Ae io
see a TE
a ten SER
sat — vee sete “ais ae
fae at a t —
Ge iy ae oe
Tite es Te = 11280
Total assets: ‘Sharerokdors equty_
Operations Review

Dennyé Restaurant Division

we
iheon

TS wn asa 1979
Bh:

evenness SPAS $n? GAY SS SOB:
OFom FAS FS SALT SSL SRT
Onna 6A Sus 808 86%

ers s Reslaureae vision sige “he 882 fsa]
Jot se Iyneveraes ILS igus thar te rawlens

rngicunre uy ET. OL Sie
Pie tal reverses ‘er the veer, SFR on
inthe

ar an ope

ses wicaloas trom Cowrpeny overcted
Care Stes Covad ane $o.7 i “be

fregehisediee.siv Sw US, Thesur ber af frar=

Cosedunits destin ase atyear eve theese
(0 TIN are were 815 Comaecn 0
estaunes v4 states anc LL
Contd, Operat

sranging prove
espe ine trpacten volar fr
te asinine Miss! ae
Eset Coes

Pusrq sae nasrpear the Dstsna

can onsite pe
siete

aeted resprninenes

‘customer areferers
ssour beef Suatecswomers. cespie “wid Melt

economics rite ellpond favorably 192 range

=
: ag
ress loud ge0a22e
iy, auauler mene,

——

of menu ues attractive pric To achias
respurine, weave etary we lr cust

(cr alee. ang rag! bass, ard ara buleien

re
her swnesary abi
venga cmurgen goe"ereoes. Moe then ee
binorg we ae “I sonia tener eustomer.

cowasec use of marke resare, cos: queenlag
ee Rests ants ena wee sen tes.ng
roped enks amesare al epee

fnew a 2
tour effor lo riansert me “eusomronxiva
dedications" he Dusan

_beileneasn”Roeatocsivecies of te arpreach is

four! ry bw ic8 srerenge ‘sal yea tthe name
of Resiawsartsdoing er ili ane

nat agp to 20H an

Ihave Hrnen 1b rie

ifr creage in average sles 0? comparable uni

per eon
“

Restaurant operating income