For the quarter ended June 2024, Denny's (DENN) reported revenue of $115.93 million, down 0.9% over the same period last year. EPS came in at $0.13, compared to $0.14 in the year-ago quarter. Here is how Denny's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: : 1,603 versus 1,613 estimated by four analysts on average. : 75 versus 77 estimated by four analysts on average. : 64 versus 64 estimated by two analysts on average. : $54.35 ...

This quarterly report represents an earnings surprise of -23.53%. A quarter ago, it was expected that this restaurant operator would post earnings of $0.14 per share when it actually produced earnings of $0.11, delivering a surprise of -21.43%. Denny's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $115.93 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.51%. This compares to year-ago revenues of $116.92 million. The company has not been able ...

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 26, 2024 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 | | ...

Financial Performance - Company restaurant sales were $54.3 million, a decrease from $54.9 million in the prior year quarter, primarily due to a decrease in same-restaurant sales[1]. - Total operating revenue was $115.9 million compared to $116.9 million for the prior year quarter[5]. - Net income was $3.6 million, or $0.07 per diluted share, with adjusted net income of $6.9 million and adjusted net income per share of $0.13[24]. - Net income for the quarter was $3,568, a decline of 58.2% compared to $8,538 in the prior year[35]. - Operating income decreased to $9,115, down 39.2% from $14,934 in the same quarter last year[35]. - Net income for the two quarters ended June 26, 2024, was $8.26 million, compared to $9.14 million for the same period in 2023, reflecting a decrease of approximately 9.6%[61]. - Comprehensive income for the two quarters ended June 26, 2024, was $15.46 million, an increase from $11.51 million in the same period last year, reflecting a growth of approximately 34.5%[61]. Operating Margins - Adjusted company restaurant operating margin was $7.2 million, or 13.2% of company restaurant sales, down from $8.5 million, or 15.4% in the prior year quarter[7]. - Company restaurant operating margin was $10,994, which is 10.3% of company restaurant sales, down from 14.1% in the same quarter last year[48]. - The company restaurant operating margin (non-GAAP) was 12.5% for the quarter, compared to 15.1% in the same quarter last year[70]. - Adjusted EBITDA for the quarter ended June 26, 2024, was $20,286,000, down 11.7% from $22,985,000 in the same quarter last year[63]. - Adjusted EBITDA is expected to be between $83 million and $87 million, down from the previous guidance of $87 million to $91 million[11]. Sales Performance - Denny's domestic system-wide same-restaurant sales were (0.6%), including (0.4%) at domestic franchised restaurants and (2.6%) at company restaurants[20]. - Company restaurant sales for the quarter ended June 26, 2024, were $54,348, a decrease of 0.97% from $54,881 in the same quarter last year[35]. - Company restaurant sales for the two quarters ended June 26, 2024, were $106.69 million, a decrease from $108.33 million for the same period in 2023, representing a decline of approximately 1.5%[61]. - Average unit sales for company restaurants were $774, down from $786 in the previous year, while franchised restaurants saw an increase to $473 from $466[50]. Expenses - Total general and administrative expenses were $20.5 million, slightly up from $20.2 million in the prior year quarter[23]. - General and administrative expenses increased to $20,486, up 1.6% from $20,160 year-over-year[35]. - The total costs of operating revenue were $156,498,000, representing 69.3% of total operating revenue[73]. - Legal settlement expenses for the quarter were $208,000, compared to $121,000 in the same quarter last year[70]. Debt and Future Plans - The company ended the quarter with $267.4 million of total debt outstanding, including $257.5 million of borrowings under its credit facility[9]. - The company plans to open 30 to 40 new restaurants, including 12 to 16 new Keke's restaurants, with a consolidated net decline of 20 to 30[11]. - The company plans to exclude legal settlement expenses and pre-opening costs from adjusted operating margin and other financial measures moving forward[55]. Franchise Revenue - Franchise and license revenue for the quarter was $61,579, a slight decrease from $62,034 in the previous year[45]. - Franchise and license revenue decreased to $119.21 million for the two quarters ended June 26, 2024, down from $126.05 million in the prior year, reflecting a decline of about 5.4%[61]. - Adjusted franchise operating margin was $30,791, or 50.0% of franchise and license revenue, compared to 50.9% in the previous year[45]. Tax Rate - The effective tax rate for the quarter was 24.8%, compared to 32.5% in the same quarter last year[39].

SPARTANBURG, S.C., July 30, 2024 (GLOBE NEWSWIRE) -- 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 second quarter ended June 26, 2024 and provided a business update on the Company's operations. Second Quarter 2024 Highlights(1) (1) Beginning fiscal 2024, the Company has evolved its definition of non-GAAP measures. Please see the definitions, explanations, and reconciliations further in this release. ...

The market expects Denny's (DENN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate This restaurant operator is expected to post quarterly earnings of $0.17 per share in its upcoming report, whic ...

Spartanburg, SC, July 23, 2024 (GLOBE NEWSWIRE) -- Denny's Inc. (NASDAQ:DENN) announced today the appointment of two new executive leaders: Monigo G. Saygbay-Hallie, Ph.D. joins as executive vice president, chief people officer for Denny's Corporation, effective August 5, and Patty Trevino joins as Denny's senior vice president, chief brand officer, effective August 12. Celebrated human resources, talent manager and culture leader Monigo G. Saygbay-Hallie will serve as executive vice president, chief people ...

"It is a tremendous opportunity to join a legacy brand like Denny's and Keke's as a growing brand. I'm most looking forward to helping to expand and elevate the culture and benefit the brand's people," said SaygbayHallie. "Denny's is THE iconic American restaurant brand. They are America's diner. Being part of this stellar team, strengthening our guests' value proposition, delivering craveable food, and enhancing brand love and affinity will be a true honor," said Trevino. About Denny's Corp Celebrated huma ...

VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- A new month means exciting new updates to the Denny's Canada Summer Feature Menu series. Newly launched on Wednesday 26th June, guests will be treated to a choice of brand-new handheld dishes such as the Smoky BLT&E (new), Spicy Brisket Melt (new), and Bacon Obsession Burger (new). The flavourful Sweet Cream Cold Brew (classic) and Cinnamon Sugar Pancake Puppies (new) will also be available for selection. ABOUT DENNY'S CANADA "Our team is focuss ...

ABOUT DENNY'S CANADA Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/428364b5-b685-4244-837a-1b350ccd321e https://www.globenewswire.com/NewsRoom/AttachmentNg/0646370d-615b-483a-ae06-b9cd8879e03d https://www.globenewswire.com/NewsRoom/AttachmentNg/1c9c6d6d-acf1-4749-aae8-06e3626d1c6a https://www.globenewswire.com/NewsRoom/AttachmentNg/dca6e072-b9da-4fb6-bee6-49aa752c4cc5 https://www.globenewswire.com/NewsRoom/AttachmentNg/b27a8ea9-ec06-4714-9df9-292 ...