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Denny's beats by $0.01, beats on revenue
May 4 2015, 16:08 ET | About: Denny's Corporation (DENN) | By: Niloofer Shaikh, SA News Editor
Denny's (NASDAQ:DENN): Q1 EPS of $0.10 beats by $0.01.
Revenue of $120.17M (+7.4% Y/Y) beats by $3.33M.
Press Release
http://seekingalpha.com/news/2483506-dennys-beats-by-0_01-beats-on-revenue?auth_param=ano5b:1akfkfj:4ec22982c04d764c39cdb4979d4673c6&uprof=45#email_link
Denny’s Corporation Reports Results for First Quarter 2015
Mon May 4, 2015 4:05 PM|GlobeNewswire | About: DENN
- 7.2% Growth in Domestic System-Wide Same-Store Sales -
- Raises 2015 Full Year Guidance for Same-Store Sales and Adjusted EBITDA* -
SPARTANBURG, S.C., May 4, 2015 (GLOBE NEWSWIRE) -- Dennys Corporation (Nasdaq:DENN), franchisor and operator of one of America's largest franchised full-service restaurant chains, today reported results for its first quarter ended April 1, 2015.
First Quarter Summary
•Domestic system-wide same-store sales growth of 7.2%, comprised of a 7.6% increase at company restaurants and 7.1% increase at domestic franchised restaurants.
•Opened nine system restaurants including one non-traditional location.
•Completed 31 remodels including seven at company restaurants.
•Adjusted EBITDA* of $18.8 million, or 15.7% of total operating revenue, increased 14.8%.
•Net Income of $8.5 million increased 32.7% with Diluted Net Income per Share of $0.10 growing 37.8%.
•Adjusted Net Income of $8.7 million grew 36.0% with Adjusted Net Income per Share* of $0.10 increasing 41.2%.
•Generated $13.2 million of Free Cash Flow* after remodel investments at company restaurants.
•Allocated $5.1 million to repurchase 450,000 shares during the first quarter.
* Adjusted Net Income excludes debt refinancing charges, impairment charges and gains on sales of assets and other. Please refer to the historical reconciliation of Net Income to Adjusted Net Income, Adjusted Net Income per Share, Adjusted EBITDA and Free Cash Flow included in the following tables.
John Miller, President and Chief Executive Officer, stated, We are very pleased to start the year with the strongest quarter of same-store sales in more than a decade, including growth in guest traffic. We are benefiting from solid execution of our brand revitalization strategy focused on elevating our food, service and atmosphere, which is resonating with our guests. Although we have made remarkable progress to date due to our dedicated franchisees, employees and partners, we believe we are still in the early stages of our strategy with key initiatives like our Heritage remodel program penetrating less than 20% of our system. Going forward, we remain committed to driving long-term shareholder value by consistently growing the profitability of our highly franchised business primarily through consistent, sustainable same-store sales and traffic growth."
First Quarter Results
Dennys total operating revenue grew 7.4% to $120.2 million resulting from an increase in both company restaurant sales along with franchise and license revenue. Franchise and license revenue of $34.2 million increased $1.6 million, or 4.8%, primarily due to higher royalty revenue resulting from an increase in same-store sales. Company restaurant sales of $86.0 million grew $6.7 million, or 8.4%, primarily due to the increase in same-store sales and the reopening of the Las Vegas Casino Royale restaurant in November 2014.
In the first quarter, Dennys opened nine franchised restaurants, including one non-traditional location, and closed seventeen system restaurants, including one company restaurant, bringing the total number of restaurants to 1,694. Domestic system-wide same-store sales grew 7.2%, including a 7.6% increase at company restaurants and 7.1% increase at domestic franchised restaurants. Franchise operating margin was $23.2 million, or 67.9% of franchise and license revenue, an increase of $1.3 million, or 0.7 percentage points. This improvement was primarily due to an increase in royalties offset by an increase in direct costs. Company restaurant operating margin of $14.7 million, or 17.1% of company restaurant sales, increased $5.5 million, or 5.6 percentage points. The improvement in company margin was primarily driven by the leveraging effect from the growth in same-store sales and lower product costs.
Total general and administrative expenses were $16.9 million compared to $14.1 million in the prior year primarily due to higher payroll and benefits, and incentive and share-based compensation expenses. Depreciation and amortization expense of $5.0 million improved $0.2 million. Interest expense of $2.1 million improved $0.2 million primarily due to the expiration of capital leases and a $21.3 million reduction in total debt outstanding over the last 12 months. In the first quarter, the provision for income taxes was $4.7 million, reflecting an effective tax rate of 35.4%. Due to the use of net operating loss and tax credit carryforwards, the Company only paid $0.3 million in cash taxes during the first quarter.
Denny's (DENN) first quarter net income of $8.5 million increased 32.7% compared to prior year quarter net income of $6.4 million, with net income per diluted share of $0.10 growing 37.8% compared to $0.07 per diluted share in the prior year quarter. Net income was impacted by the refinancing of its credit facility which resulted in a charge to other nonoperating expense of $0.3 million in the first quarter of 2015. Adjusted net income* of $8.7 million grew 36.0% compared to prior year quarter adjusted net income* of $6.4 million. Adjusted net income per share* of $0.10 increased 41.2% compared with the prior year quarter Adjusted net Income per share* of $0.07.
Dennys generated $13.2 million of Free Cash Flow* in the first quarter, after investing $3.4 million on capital expenditures. During the quarter, the Company repurchased 450,000 shares for $5.1 million. At the end of the first quarter, the Company had 3.4 million shares authorized to be repurchased in addition to the $100 million multi-year share repurchase program approved by the Company's Board of Directors on March 30, 2015. Dennys ended the first quarter with $153.5 million of total debt outstanding, including $135.5 million of borrowings under its revolving credit facility.
Business Outlook
Mark Wolfinger, Denny's Executive Vice President, Chief Administrative Officer and Chief Financial Officer, commented, Our strong first quarter sales growth led to margin expansion and 41% growth in Adjusted Net Income per Share*. We are excited about continuing to grow our highly franchised business and using our Free Cash Flow* to both reinvest in our company restaurants and return value to our shareholders through our ongoing share repurchase program. Due to our strong first quarter results, we are raising our annual guidance for same-store sales and Adjusted EBITDA*."
The following full year 2015 estimates are based on managements expectations at this time. A key consideration impacting the Company's outlook for 2015 is having 52 operating weeks in the year compared to 53 operating weeks in 2014.
More...
http://seekingalpha.com/pr/13374896-denny-s-corporation-reports-results-for-first-quarter-2015?app=n
Denny's EPS in-line, beats on revenue
Feb 18 2015, 16:14 ET | About: Denny's Corporation (DENN) | By: Niloofer Shaikh, SA News Editor
Denny's (NASDAQ:DENN): Q4 EPS of $0.11 in-line.
Revenue of $128.73M (+12.7% Y/Y) beats by $4.4M.
Press Release
http://seekingalpha.com/news/2307506-dennys-eps-in-line-beats-on-revenue?auth_param=ano5b:1aea060:8e00a53132ab190c785aea6b724b1079&uprof=45#email_link
Denny's Corporation Reports Results for Fourth Quarter and Full Year 2014
Wed February 18, 2015 4:05 PM|GlobeNewswire | About: DENN
- 4.7% Increase in System-Wide Same-Store Sales Strongest Quarter of Growth in Past Eight Years -
- 18.3% Growth in 2014 Full Year Adjusted Net Income per Share* -
SPARTANBURG, S.C., Feb. 18, 2015 (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 fourth quarter and full year ended December 31, 2014.
Fourth Quarter Summary
• Domestic system-wide same-store sales growth of 4.7%, comprised of a 5.8% increase at company restaurants and 4.6% increase at domestic franchised restaurants.
• Opened 22 system restaurants including three international and two non-traditional locations.
• Adjusted EBITDA* of $24.5 million, or 19.0% of total operating revenue, increased $5.1 million.
• Approximately $3.6 million of Adjusted EBITDA* was attributable to an additional operating week.
• Net Income of $9.7 million, or $0.11 per diluted share, increased 127.1%.
• Adjusted Net Income per Share* of $0.11 increased 33.6%.
Full Year Summary
• Domestic system-wide same-store sales growth of 2.8%, comprised of a 4.2% increase at company restaurants and 2.5% increase at domestic franchised restaurants.
• Opened 38 system restaurants including six international and three non-traditional locations.
• Completed 171 remodels including 44 at company restaurants.
• Adjusted EBITDA* of $82.5 million, or 17.5% of total operating revenue, increased $5.7 million.
• Net Income of $32.7 million, or $0.37 per diluted share, increased 33.2%.
• Adjusted Net Income per Share* of $0.37 increased 18.3%.
• Generated $48.5 million of Free Cash Flow* after remodel investments at company restaurants.
• Repurchased 5.3 million shares for $36.0 million with 3.9 million authorized shares remaining.
More...
http://seekingalpha.com/pr/12562106-dennys-corporation-reports-results-for-fourth-quarter-and-full-year-2014
Holding tight to my shares...
Quiet forum for this epic runner!
Please let me know how it goes... I am out of office.
Filing today!
Congrats to all longs!!!!
Baby boomers gunna flock in groves to DENN imo.
SG13G/A $$$
NADF just got filled! Alert confirmed!
NADF 27,000 shares on the bid!
Feeling fine to dine in time at DENN.
Huge bid support on the L2!
Getting rich here...denn
DENN $$$
$DENN DD Notes ~ http://www.ddnotesmaker.com/DENN
bullish
$DENN recent news/filings
## source: finance.yahoo.com
Thu, 04 Dec 2014 14:57:40 GMT ~ Denny's Corporation to Participate in Upcoming Investor Conference
[at noodls] - December 4, 2014 SPARTANBURG, S.C., Dec. 4, 2014 (GLOBE NEWSWIRE) -- Denny's Corporation (Nasdaq:DENN), franchisor and operator of one of America's largest franchised full-service restaurant chains, today ...
read full: http://www.noodls.com/view/345194FD8AB86457FD497C9DBF3479A71A4E0430
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Thu, 04 Dec 2014 14:49:11 GMT ~ Denny's Corporation to Participate in Upcoming Investor Conference
[GlobeNewswire] - SPARTANBURG, S.C. -- Denny's Corporation , franchisor and operator of one of America's largest franchised full-service restaurant chains, today announced that the Company will be participating at the Bernstein ...
read full: http://finance.yahoo.com/news/dennys-corporation-participate-upcoming-investor-144911503.html
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Tue, 02 Dec 2014 11:00:19 GMT ~ Is Denny's Corporation (DENN) Stock a Solid Choice Right Now?
read full: http://finance.yahoo.com/news/dennys-corporation-denn-stock-solid-110019350.html
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Mon, 01 Dec 2014 15:03:00 GMT ~ Strong On High Relative Volume: Denny's (DENN)
read full: http://www.thestreet.com/story/12969939/1/strong-on-high-relative-volume-dennys-denn.html?puc=yahoo&cm_ven=YAHOO
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Tue, 25 Nov 2014 10:54:54 GMT ~ Denny's Corporation (DENN) Jumps: Stock Gains 7.9%
read full: http://finance.yahoo.com/news/dennys-corporation-denn-jumps-stock-105454668.html
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$DENN charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$DENN company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/DENN/company-info
Ticker: $DENN
OTC Market Place: Not Available
CIK code: 0000852772
Company name: Denny's Corp.
Company website: http://www.dennys.com
Incorporated In: DE, USA
Business Description: Denny's is America's largest family-style restaurant chain in terms of number of units and market share. The Denny's brand consists of 1,603 restaurants, 553 of which are company-owned and 1,050 of which are franchise and licensed restaurants. Denny's restaurants operate in 49 states, the District of Columbia, 2 U.S. territories and 4 foreign countries.
$DENN share structure
## source: otcmarkets.com
Market Value: $839,645,046 a/o Dec 03, 2014
Shares Outstanding: 84,727,048 a/o Oct 23, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$DENN extra dd links
Company name: Denny's Corp.
Company website: http://www.dennys.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/DENN/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/DENN/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=DENN+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=DENN+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=DENN+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/DENN/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/DENN/news - http://finance.yahoo.com/q/h?s=DENN+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/DENN/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/DENN/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/DENN/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/DENN/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/DENN/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/DENN/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/DENN/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/DENN/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=DENN+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/DENN
DTCC (dtcc.com): http://search2.dtcc.com/?q=Denny%27s+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Denny%27s+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Denny%27s+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.dennys.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.dennys.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.dennys.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/DENN/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/DENN
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/DENN/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/DENN/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/DENN/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000852772&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/DENN/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/DENN/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/DENN/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/DENN/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=DENN&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=DENN
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/DENN/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=DENN+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=DENN+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=DENN
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=DENN
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=DENN+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/DENN/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=DENN+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/DENN.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=DENN
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/DENN/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/DENN/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/DENN/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/DENN/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/DENN
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/DENN
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/DENN:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=DENN
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=DENN
$DENN DD Notes ~ http://www.ddnotesmaker.com/DENN
Love DENN...
Bid stacked ask thin!
DENN doing fine...thanks for tips...
L2 is bullish now$!
Nine Fine drink some Wine.
DENN 9.00+ $$$
Yep...as folks age DENN a solid bet.
DENN$ could easily double again IMO
DENN a dark horse winner in my portfolio. Well...what do yah know Joe?
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
Oh I like eating Denny's food good stuff... 8k out...
DENN down 4% on Ebola fears of eating out imo. Bought PZZA$ to hedge denn and my other dine in restaurants stocks...
Thanks to you I got a starting position and later accumulated 5 times more when it became dead money for a while...can eat there for life I suppose...I got BOBE# too, what u think of that one?
Denny's is a great business!
My dad's favorite restaurant for casual dining...I bought thinking of him...
The Denny's in my area is a real success! Weekend lines always!
Glad i loaded long ago...surprised really this did well today with market pullback.
Today's volume confirms DENN is a buy$$$
Up about 5%....sweet.
Denny's beats by $0.01, beats on revenue
Jul 28 2014, 16:13 ET | About: Denny's Corporation (DENN)
Denny's (NASDAQ:DENN): Q2 EPS of $0.09 beats by $0.01.
Revenue of $114.6M (-1.7% Y/Y) beats by $0.27M.
Press Release
http://seekingalpha.com/news/1873195-dennys-beats-by-0_01-beats-on-revenue?uprof=45
Denny's Corporation Reports Results for Second Quarter 2014
Mon July 28, 2014 4:01 PM|GlobeNewswire | About: DENN
- Domestic System-Wide Same-Store Sales Increases 1.9% with Company Same-Store Sales Growing 3.7% -
- Generated $11.6 million of Free Cash Flow* and Repurchased 2.3 Million Shares -
- Raises 2014 Annual Guidance -
http://seekingalpha.com/pr/10590725-dennys-corporation-reports-results-for-second-quarter-2014
I'm buying the 6's, best 24 hour service around!!!
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