Denny's Corp (DENN)

[MCArmel1]

Denny's beats by $0.01, beats on revenue

Oct 27 2014, 16:18 ET | About: Denny's Corporation (DENN) | By: Niloofer, SA News Editor

Denny's (NASDAQ:DENN): Q3 EPS of $0.10 beats by $0.01.
Revenue of $117.03M (-0.2% Y/Y) beats by $1.64M.
Shares +0.65%.
Press Release


http://seekingalpha.com/news/2062095-dennys-beats-by-0_01-beats-on-revenue?uprof=45#email_link


Denny's Corporation Reports Results for Third Quarter 2014
Mon October 27, 2014 4:01 PM|GlobeNewswire | About: DENN

- Domestic System-Wide Same-Store Sales Increases 2.4% with Company Same-Store Sales Growing 4.1% -
- Generated $12.8 million of Free Cash Flow* and Repurchased 1.2 Million Shares -
- Raises 2014 Annual Guidance -

SPARTANBURG, S.C., Oct. 27, 2014 (GLOBE NEWSWIRE) -- Denny's Corporation (DENN), franchisor and operator of one of America's largest franchised full-service restaurant chains, today reported results for its third quarter ended September 24, 2014.

Third Quarter Summary
• Domestic system-wide same-store sales increased 2.4%, comprised of a 4.1% increase at company restaurants and 2.1% increase at domestic franchised restaurants.

• Opened nine franchised restaurants including one non-traditional and two international locations.

• Completed 35 remodels including five at company restaurants.

• Adjusted EBITDA* of $20.6 million, or 17.6% of total operating revenue, increased $1.4 million compared with the prior year quarter.

• Net Income of $8.3 million, or $0.10 per diluted share, increased 18.7% compared with the prior year.

• Adjusted Net Income per Share* of $0.10 increased 29.2% compared with the prior year quarter.

• Generated $12.8 million of Free Cash Flow* after remodel investments at company restaurants.

• Repurchased 1.2 million shares for $8.0 million with 4.3 million authorized shares remaining.

More...

http://seekingalpha.com/pr/11450605-dennys-corporation-reports-results-for-third-quarter-2014