Denny’s has opened a new location in the Northern Triangle of Central America through its franchisee Grupo Comidas.
The Northern Triangle region comprises El Salvador, Guatemala and Honduras. Established in 2009, Grupo Comidas currently operates six Denny’s restaurants in Honduras, as well as one in El Salvador and one in Guatemala. It also operates other pizza and quick service restaurants in the region.
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Denny’s senior vice-president and chief global development officer Steve Dunn said: “Denny’s is one of the fastest-growing family dining chains worldwide, and we are excited by the demand for Denny’s in Central America.
“We look forward to an experienced operator such as Grupo Comidas building upon their strong and growing base of Denny’s restaurants through an active pipeline of development commitments in the region.”
Denny’s has 1,715 restaurants across Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, the UAE, Guam, El Salvador, Guatemala and the UK.
In October, the restaurant chain reported that its total operating revenue grew by 19.4% to $158.0m for Q3 ending 26 September 2018.
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By GlobalDataThis growth was due to franchise advertising revenue on a gross basis and an increase in company restaurant sales by 5.8% to $103.6m.
The company’s operating income was $18.46m, compared with $18.35m for the same period last year.
Its net income was $10.8m or $0.16 per diluted share, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was $27.3m for Q3.
