Denny's Corp (DENN)

[MCArmel1]

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