Denny's Corporation
DENN
Consumer Discretionary
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Denny's Corporation operates a family dining restaurant chain with over 1,600 locations, deriving its primary revenue from the sale of meat, dairy, and egg-based menu items. The company's core business model is built on the commercial exploitation of animals for food.
Animal Equality US has targeted Denny's with public campaigns, including a 2024 action exposing the CEO and a 2023 billboard in New York's Times Square accusing the chain of animal abuse. While Denny's has taken some reactive steps, such as dropping a specific chicken supplier after an undercover video in 2009, these actions address isolated incidents rather than systemic change. The company's own 2009 SEC filing states opposition to animal cruelty, yet its supply chain remains dependent on industrial animal agriculture. A 2012 announcement regarding working with suppliers to eliminate gestation crates for pigs indicates awareness of specific welfare issues but does not represent a shift away from animal exploitation as a foundational business practice.
Research Sources
1 organization
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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