Denny's (DENN) reported $115.35 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 4.6%. EPS of $0.14 for the same period compares to $0.18 a year ago.The reported revenue represents a surprise of -0.57% over the Zacks Consensus Estimate of $116.02 million. With the consensus EPS estimate being $0.17, the EPS surprise was -17.65%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Denny's (DENN) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this restaurant operator would post earnings of $0.15 per share when it actually produced earnings of $0.17, delivering a surprise of 13.33%.Over the last four quarters, the com ...

Wall Street analysts forecast that Denny's (DENN) will report quarterly earnings of $0.17 per share in its upcoming release, pointing to a year-over-year decline of 5.6%. It is anticipated that revenues will amount to $116.02 million, exhibiting a decline of 4% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ...

Investors are always looking for stocks that are poised to beat at earnings season and Denny’s Corporation (DENN) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Denny's is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good i ...

SPARTANBURG, S.C., Feb. 09, 2024 (GLOBE NEWSWIRE) --  -- Cupid is bringing more than romance to Denny's restaurants nationwide next week. On Tuesday, February 13, diners can enjoy a free short stack of buttermilk pancakes* from 5:00 AM to 5:00 PM in honor of National Pancake Day. Craving an endless amount of buttermilk pancakes? Take advantage of Denny's All Day Diner Deals with All You Can Eat Pancakes starting at $5.99 [prices vary; check local restaurant]. And lovebirds looking to renew their vows or tie ...

Spartanburg, SC, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The Big Game is right around the corner, and Denny's (NASDAQ: DENN), America's Diner, is ready to feed football fanatics (and Swifties) across the nation. Delicious flavors to fuel fans as they rush into the weekend festivities and scramble back into the office to face the "Mondayest Monday" on February 12 are made to order from the booth or from your couch. From touchdown-worthy appetizers that will score big with your crowd to the Grand Slam® Pack that wi ...

Denny's Corporation (NASDAQ:DENN) Q3 2023 Earnings Conference Call October 30, 2023 4:30 PM ET Company Participants Curt Nichols - Vice President, Investor Relations and Finance Kelli Valade - President and Chief Executive Officer Robert Verostek - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Tamas - Oppenheimer Jake Bartlett - Truist Securities Nick Setyan - Wedbush Securities Todd Brooks - Benchmark Company Eric Gonzalez - KeyBanc Capital Markets Andrew Wolf - ...

Financial Performance - Total operating revenue for the quarter ended September 27, 2023, was $114.183 million, a decrease of 2.2% compared to $117.456 million for the same quarter in 2022[87]. - Net income for the quarter was $7.908 million, a decrease of 53.7% compared to $17.083 million in the same quarter of the previous year[87]. - Operating income for the current quarter was $14.0 million, up from $15.8 million in the prior year, while year-to-date operating income increased to $45.1 million from $43.0 million[110]. - Net income for the quarter ended September 27, 2023, was $7.9 million, down from $17.1 million in the prior year, while year-to-date net income decreased to $17.0 million from $61.9 million[116]. Sales and Revenue - Company restaurant sales increased by $0.9 million, or 1.8%, for the quarter and $16.1 million, or 11.1%, year-to-date compared to the prior year periods[93]. - Denny's same-store sales decreased by 1.4% for the current quarter but increased by 4.1% year-to-date compared to the prior year periods[93]. - Franchise and license revenue for the quarter was $61.030 million, representing 53.4% of total operating revenue, down from 55.5% in the prior year[87]. - Keke's brand contributed less than 5% of total consolidated revenues for the quarter ended September 27, 2023[84]. - Franchise and license revenue decreased by $4.2 million, or 6.5%, for the quarter ended September 27, 2023, compared to the prior year period[99]. - Royalties increased by $0.7 million, or 2.5%, for the quarter ended September 27, 2023, compared to the prior year period[99]. Costs and Expenses - Total costs of company restaurant sales as a percentage of company restaurant sales were 86.3% for the quarter ended September 27, 2023, down from 92.8% in the prior year[94]. - Product costs as a percentage of company restaurant sales were 25.6% for the quarter ended September 27, 2023, compared to 27.7% for the prior year[95]. - Payroll and benefits as a percentage of company restaurant sales decreased to 37.2% for the quarter ended September 27, 2023, from 38.6% in the prior year period[96]. - Occupancy costs as a percentage of company restaurant sales were 7.9% for the quarter ended September 27, 2023, down from 8.2% in the prior year period[97]. - Other operating expenses decreased to 15.7% of company restaurant sales for the quarter ended September 27, 2023, compared to 18.2% in the prior year period[98]. - General and administrative expenses increased to $18.2 million for the quarter ended September 27, 2023, compared to $16.6 million in the prior year period[105]. - Total depreciation and amortization expense decreased to $3.6 million for the quarter ended September 27, 2023, from $3.9 million in the prior year period[106]. - Total restructuring and exit costs increased by $0.5 million for the quarter ended September 27, 2023, primarily due to severance costs related to leadership changes[108]. - Impairment charges recorded were $1.7 million for the quarter ended September 27, 2023, compared to $0.7 million and $1.0 million for the same periods in the prior year[109]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $50.8 million for the year-to-date period ended September 27, 2023, compared to $25.0 million for the same period in the prior year[118]. - Capital expenditures for the year-to-date period ended September 27, 2023, were $5.5 million, significantly lower than $10.1 million in the prior year[119]. Debt and Interest - Interest expense for the quarter was $4.381 million, an increase from $3.691 million in the prior year[87]. - Total cash interest expense, net increased by $0.6 million for the current quarter and $3.5 million year-to-date compared to the prior year periods, primarily due to increased average borrowings and higher average interest rates[112]. - As of September 27, 2023, the company had outstanding revolver loans of $248.1 million and outstanding letters of credit of $11.5 million, resulting in unused commitments of $140.4 million[124]. - The effective tax rate for the current quarter was 17.6%, down from 24.3% in the prior year, reflecting the impact of discrete items related to share-based compensation[115]. Working Capital and Financial Position - The working capital deficit increased to $56.0 million at September 27, 2023, compared to $43.3 million at December 28, 2022, primarily due to a decrease in receivables and inventories[121]. - As of September 27, 2023, the company has a total notional amount of $201 million in interest rate swaps, with a fair value of $27.324 million[132]. - The fixed rate debt ratio increased from 4% to 82% of total debt due to the interest rate swaps[134]. - A 100 basis point change in interest rates would result in a $0.3 million change in annual cash flow and income before taxes[134]. - The company transitioned its credit facility benchmark interest rate from LIBOR to Adjusted Daily Simple SOFR, with no material impact on financial position or operations[133]. - Fluctuations in the fair values of interest rate swaps could be significant, but no material changes in market risks have occurred since the prior reporting period[135].

Denny's Corporation (NASDAQ:DENN) Q2 2023 Earnings Conference Call August 1, 2023 4:30 PM ET Company Participants Curt Nichols - Vice President, Investor Relations & Finance Kelli Valade - Chief Executive Officer Robert Verostek - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Tamas - Oppenheimer Todd Brooks - The Benchmark Company Nick Setyan - Wedbush Securities Eric Gonzalez - KeyBanc Jake Bartlett - Truist Operator Greetings, and welcome to the Denny's Corporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ________________ Commission File Number 0-18051 DENNY'S CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 13-3487402 | | ...