Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Denny's Corporation (DENN) is up 49% at $6.16 [3] - Cambium Networks Corporation (CMBM) is up 25% at $2.55 [3] - Tactile Systems Technology, Inc. (TCMD) is up 22% at $19.35 [3] - Upwork Inc. (UPWK) is up 19% at $18.60 [3] - Kforce Inc. (KFRC) is up 12% at $27.50 [3] - Super Group (SGHC) Limited (SGHC) is up 12% at $11.91 [3] - Innovex International, Inc. (INVX) is up 10% at $22.62 [3] - Sanmina Corporation (SANM) is up 9% at $154.03 [3] - Exact Sciences Corporation (EXAS) is up 8% at $72.69 [3] - OTG Acquisition Corp. I Class A Ordinary Share (OTGA) is up 7% at $10.77 [3] Premarket Losers - Sarepta Therapeutics, Inc. (SRPT) is down 40% at $14.44 [4] - JELD-WEN Holding, Inc. (JELD) is down 32% at $2.81 [4] - Ichor Holdings, Ltd. (ICHR) is down 29% at $16.05 [4] - Insperity, Inc. (NSP) is down 27% at $32.50 [4] - Prelude Therapeutics Incorporated (PRLD) is down 22% at $3.08 [4] - Forward Industries, Inc. (FORD) is down 20% at $11.11 [4] - Navitas Semiconductor Corporation (NVTS) is down 18% at $10.03 [4] - Diginex Limited (DGNX) is down 17% at $19.51 [4] - Atlas Energy Solutions Inc. (AESI) is down 16% at $10.58 [4] - Chijet Motor Company, Inc. (CJET) is down 15% at $3.24 [4]

Palantir Technologies (PLTR) - Palantir reported Q3 revenue of $1.18 billion, a 63% year-over-year increase, driven by a 77% surge in U.S. revenue, with U.S. commercial revenue growing by 121% and U.S. government revenue by 52% [3][4] - The company closed 204 deals worth over $1 million, totaling $2.76 billion in contract value, and increased its customer count by 45% year-over-year [4] - Palantir raised its Q4 revenue guidance and lifted its full-year revenue outlook, along with higher forecasts for operating profit and free cash flow [4] Denny's (DENN) - Denny's will be taken private in a deal valued at approximately $620 million, including debt, with shareholders receiving $6.25 per share, representing a 52% premium to the closing stock price [5] - The acquisition is led by TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises, one of Denny's largest franchisees [5] Starbucks (SBUX) - Starbucks has agreed to sell a majority stake in its China business to Boyu Capital for an enterprise value of $4 billion, with Boyu Capital set to operate the retail business in China [6] - Under the agreement, Boyu will hold up to a 60% stake, while Starbucks retains the remaining interest, expecting the total value of its China retail business to exceed $13 billion [6]

Palantir Technologies (PLTR) - Palantir reported Q3 results with a revenue increase of 63% year-over-year, reaching $1.18 billion, driven by a 77% surge in U.S. revenue, including 121% growth in U.S. commercial and 52% growth in U.S. government segments [3][4] - The company closed 204 deals worth over $1 million, totaling $2.76 billion in contract value, and saw a 45% year-over-year increase in customer count [4] - Palantir raised its Q4 revenue guidance and lifted its full-year revenue outlook, along with higher forecasts for operating profit and free cash flow [4] Denny's (DENN) - Denny's will be taken private in a deal valued at approximately $620 million, including debt, with shareholders receiving $6.25 per share, representing a 52% premium to the closing stock price [5] - The acquisition is led by TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises, one of Denny's largest franchisees [5] Starbucks (SBUX) - Starbucks has agreed to sell a majority stake in its China business to Boyu Capital for an enterprise value of $4 billion, with Boyu expected to hold up to a 60% stake [6] - Starbucks anticipates that the total value of its China retail business will exceed $13 billion [6]

Market Overview - U.S. stock futures declined on Tuesday following mixed moves on Monday, with major benchmark indices showing lower futures [1] - The U.S. Government shutdown has reached its 34th day, leading to increasing economic consequences [2] - The 10-year Treasury bond yielded 4.08%, while the two-year bond was at 3.58% [2] - Market expectations indicate a 70.1% likelihood of the Federal Reserve cutting interest rates in December [2] Stock Performance - Dow Jones fell by 1.02%, S&P 500 decreased by 1.33%, Nasdaq 100 dropped by 1.67%, and Russell 2000 declined by 1.81% [2] - SPDR S&P 500 ETF Trust (SPY) was down 1.27% at $674.69, and Invesco QQQ Trust ETF (QQQ) declined 1.62% to $621.86 in premarket trading [2] Company Highlights - Advanced Micro Devices Inc. (AMD) fell 2.22% in premarket ahead of earnings, with expectations of $1.16 per share on revenue of $8.74 billion [6] - Upwork Inc. (UPWK) surged 18.30% after reporting better-than-expected Q3 results and raising FY25 guidance [6] - Denny's Corporation (DENN) surged 49.15% after announcing a definitive agreement to be acquired for approximately $620 million [6] - Palantir Technologies Inc. (PLTR) tumbled 7.51% despite strong earnings, influenced by Michael Burry's purchase of put options worth $186.58 million [15] - Uber Technologies Inc. (UBER) dropped 2.47% after reporting revenue of $11.2 billion, missing estimates of $13.27 billion [15] Economic Insights - The economic outlook remains mixed, with monetary policy being less predictable and trade risks easing [10] - A new U.S.-China trade truce is seen as beneficial for corporate earnings, but the stock market rally shows signs of structural cracks [11] - There is a growing divergence between price and breadth in the market, raising concerns about a potential false breakout [12]

| DENN 丹尼斯 | | | | --- | --- | --- | | 4.110 ↑ +0.200 +5.12% | | 收盘价 11/03 16:00 美东 | | 6.080 ↑ 1.970 +47.93% | | 盘前价 11/04 04:28 美东 | | 一 2 24 S 8 月 ♥ 白 一 白选 | | ● 快捷交易 | | 最高价 4.125 | 开盘价 3.930 | 成交量 240.95万 | | 最低价 3.890 | 昨收价 3.910 | 成交额 1226.94万 | | 平均价 5.092 | | 市盈率TM 13.70 总市值 2.12亿 (--) | | 振 幅 6.01% | 市盈率(静) 10.02 | 总股本 5149.9万 | | 换手率 4.85% | 市净率 -6.125 | 流通值 2.04亿 | | 52周最高 7.660 | 委 比 21.88% | 流通股 4969.9万 | | 52周最低 2.850 | 量 比 0.97 | 色 主 1股 | | 历史最高 23.880 | 股息TTM -- | | | 历史最低 0.230 | 股息率TM -- ...

Core Viewpoint - The investigation by Halper Sadeh LLC focuses on the fairness of the acquisition of Denny's Corporation by a consortium for $6.25 per share in cash, raising concerns for Denny's shareholders [1]. Group 1 - Halper Sadeh LLC is an investor rights law firm conducting an investigation into the sale of Denny's Corporation [1]. - The acquisition involves TriArtisan Capital Advisors LLC, Treville Capital Group, and Yadav Enterprises, Inc. as the purchasing group [1]. - The cash offer for Denny's shares is set at $6.25 per share [1].

Sales Performance - Company restaurant sales increased by $4.7 million, or 8.9%, for the quarter ended September 24, 2025, and $10.3 million, or 6.4%, year-to-date compared to the prior year periods [100]. - Denny's same-store sales decreased by 1.4% for the current quarter and 0.8% year-to-date compared to the prior year periods [100]. - Keke's same-store sales increased by 5.2% for the current quarter and 2.9% year-to-date compared to the prior year periods [100]. Financial Overview - Total operating revenue for the quarter ended September 24, 2025, was $113.244 million, compared to $111.759 million for the same quarter in 2024 [95]. - Net income for the quarter ended September 24, 2025, was $632,000, compared to $6.516 million for the same quarter in 2024 [95]. - Operating income was $10.4 million for the quarter ended September 24, 2025, compared to $11.7 million for the prior year period [120]. - Net income was $0.6 million for the quarter and $3.4 million year-to-date, down from $6.5 million and $14.8 million in the prior year periods [126]. Costs and Expenses - Total costs of company restaurant sales as a percentage of company restaurant sales were 87.4% for the quarter ended September 24, 2025, compared to 88.8% for the prior year period [101]. - Product costs as a percentage of company restaurant sales were 25.5% for the quarter ended September 24, 2025, compared to 25.8% for the prior year period [102]. - Payroll and benefits as a percentage of company restaurant sales were 37.8% for the quarter ended September 24, 2025, compared to 37.6% for the prior year period [103]. - Occupancy costs as a percentage of company restaurant sales increased to 9.6% for the quarter ended September 24, 2025, from 8.4% for the prior year period, primarily due to a 1.0 percentage point increase in rent and property taxes [104]. - Other operating expenses decreased to $8.367 million, or 14.6% of company restaurant sales, for the quarter ended September 24, 2025, compared to $8.928 million, or 16.9%, for the prior year period [106]. - General and administrative expenses increased by $2.7 million, or 13.8%, for the quarter ended September 24, 2025, compared to the prior year period [114]. - Total depreciation and amortization expense increased to $4.434 million for the quarter ended September 24, 2025, compared to $3.622 million for the prior year period [116]. Franchise and Licensing - Franchise and license revenue decreased by $3.2 million, or 5.4%, for the quarter ended September 24, 2025, and by $5.4 million, or 3.0%, year-to-date compared to the prior year periods [108]. - Royalties decreased by $1.4 million, or 4.7%, for the quarter ended September 24, 2025, primarily due to a decrease of 59 Denny's franchise equivalent units [108]. - The Denny's brand consisted of 1,459 restaurants as of September 24, 2025, with 1,397 being franchised/licensed [92]. - Keke's brand consisted of 78 restaurants as of September 24, 2025, with 55 being franchised [92]. Debt and Cash Flow - Interest expense, net, was $5.318 million for the quarter ended September 24, 2025, compared to $4.571 million for the same quarter in 2024 [95]. - Interest expense, net increased by $0.7 million for the quarter and $1.6 million year-to-date, primarily due to increases in amortization of interest rate swap losses [122]. - Other nonoperating expense increased by $4.0 million for the quarter and $4.4 million year-to-date, mainly due to $3.7 million of debt issuance costs related to a proposed merger [123]. - Provision for income taxes was $1.3 million for the quarter and $2.9 million year-to-date, with an effective tax rate of 67.4% for the current quarter compared to 18.5% for the prior year [124]. - Net cash provided by operating activities was $30.3 million year-to-date, an increase from $20.9 million in the prior year, attributed to timing of payments for accounts payable [129]. - Net cash used in investing activities was $25.1 million year-to-date, including capital expenditures of $25.6 million and acquisitions of $4.1 million [130]. - As of September 24, 2025, the company had outstanding revolver loans of $259.5 million and outstanding letters of credit of $15.9 million, resulting in unused commitments of $124.6 million [136]. - As of September 24, 2025, the consolidated leverage ratio was 3.98 times and the fixed charge coverage ratio was 2.07 times, in compliance with all financial covenants [135]. Future Outlook - The company expects a beneficial cash flow impact in fiscal 2025 from the enhanced expensing provisions of the One Big Beautiful Bill Act [125]. - The company has committed approximately $4 million toward a new cloud-based restaurant technology platform, expected to enhance guest experience and continue through 2027 [139]. Impairments and Restructuring - Impairment charges of $3.3 million were recorded for the year-to-date period ended September 24, 2025, primarily related to closed franchise restaurants [118]. - Total restructuring and exit costs amounted to $271,000 for the quarter ended September 24, 2025, primarily due to severance costs from position eliminations [119].

当地时间11月3日，美国知名连锁餐厅Denny's公司（NASDAQ: DENN）宣布已签署最终协议，将被由 私募股权投资公司TriArtisan、另类资产投资机构Treville及Denny's最大特许经营商之一Yadav Enterprises 组成的集团以全现金交易方式收购，企业价值约6.2亿美元。根据协议条款，Denny's股东将以每股6.25 美元现金的价格获得所持普通股对价。该收购价格较当日收盘价溢价52.1%。交易预计将于2026年第一 季度完成。交易完成后，Denny's普通股将终止在纳斯达克交易。 来源：智通财经 ...

DENNY'S CORPORATION REPORTS RESULTS FOR THIRD QUARTER 2025 SPARTANBURG, S.C., November 3, 2025 - Denny's Corporation (the "Company") (NASDAQ: DENN), owner and operator of Denny's Inc. ("Denny's") and Keke's Inc. ("Keke's") today reported results for its third quarter ended September 24, 2025 and provided a business update on the Company's operations. Kelli Valade, Chief Executive Officer, stated, "Our third quarter progress on strategic initiatives demonstrates our ability to remain agile and focused on wha ...

Core Viewpoint - Restaurant chain Denny's is set to be acquired by a group led by TriArtisan Capital Advisors, the owner of TGI Fridays, in a deal valued at $620 million, which includes debt [1] Company Summary - The acquisition of Denny's by TriArtisan Capital Advisors signifies a strategic move in the restaurant industry, potentially reshaping the competitive landscape [1] - The deal highlights the ongoing trend of consolidation within the restaurant sector, as companies seek to enhance their market presence and operational efficiencies [1] Financial Summary - The total value of the acquisition is $620 million, which encompasses both equity and debt components [1]