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Dennys Corporation

Dennys Corporation (DENN)

7.14
-0.01
(-0.14%)
Closed July 15 4:00PM
7.14
0.00
( 0.00% )
Pre Market: 4:09AM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
7.14
Bid
2.86
Ask
7.45
Volume
-
0.00 Day's Range 0.00
6.33 52 Week Range 11.91
Market Cap
Previous Close
7.14
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
614,733
Shares Outstanding
52,018,583
Dividend Yield
-
PE Ratio
18.62
Earnings Per Share (EPS)
0.38
Revenue
463.92M
Net Profit
19.95M

About Dennys Corporation

Denny's Corp is one of America's largest franchised full-service restaurant chains based on the number of restaurants. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelettes, and others. The company generates its revenue from two sources: the sale of food & beverag... Denny's Corp is one of America's largest franchised full-service restaurant chains based on the number of restaurants. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelettes, and others. The company generates its revenue from two sources: the sale of food & beverages and the collection of royalties & fees from restaurants. Show more

Sector
Eating Places
Industry
Eating Places
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Dennys Corporation is listed in the Eating Places sector of the NASDAQ with ticker DENN. The last closing price for Dennys was $7.14. Over the last year, Dennys shares have traded in a share price range of $ 6.33 to $ 11.91.

Dennys currently has 52,018,583 shares outstanding. The market capitalization of Dennys is $371.41 million. Dennys has a price to earnings ratio (PE ratio) of 18.62.

DENN Latest News

Denny’s Corporation Announces Timing of Second Quarter 2024 Results and Conference Call on July 30, 2024

SPARTANBURG, S.C., July 09, 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"), will announce...

TAKE A BITE OUT OF SUMMER AT DENNY’S WITH THREE NEW DELICIOUS SANDWICHES

SPARTANBURG, S.C., June 26, 2024 (GLOBE NEWSWIRE) -- Get ready to savor the flavors of summer at Denny’s, America’s Diner! Inspired by your love for convenient, handheld meals that fuel your...

Denny’s Corporation Appoints Hospitality Veteran Mark Vondrasek to Board of Directors

Spartanburg, SC, June 04, 2024 (GLOBE NEWSWIRE) -- Denny's Corporation (NASDAQ:DENN), owner and operator of Denny's Inc. and Keke's Inc., today announced that Mark Vondrasek has been appointed...

Denny’s Corporation to Present at the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference on June 10, 2024

SPARTANBURG, S.C., June 04, 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...

Denny’s Invests $3.3 Million in Holistic Approach to Feeding People: Body, Mind and Soul with Launch of Nationwide Community Alliance

Spartanburg, SC, May 30, 2024 (GLOBE NEWSWIRE) -- Denny’s (NASDAQ: DENN), America’s diner, announced today that it is elevating its decades-long commitment to communities nationwide by forming...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.548.181818181826.67.336.41015069896.87814625CS
40.497.368421052636.657.336.4056252806.83390496CS
12-1-12.2850122858.148.416.336147337.27402559CS
26-3.25-31.280076997110.3911.166.335348858.30595778CS
52-4.36-37.913043478311.511.916.335685088.99820233CS
156-8.18-53.394255874715.3217.46.3358548911.21917713CS
260-14.75-67.382366377321.8923.884.571699212.20856452CS

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DENN Discussion

View Posts
Monksdream Monksdream 1 month ago
DENN new 52 week low
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Hitman970 Hitman970 4 years ago
AH 10+
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Hitman970 Hitman970 4 years ago
Long from .70
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Michael TRed Michael TRed 4 years ago
Insane buy right now! That chart looks lovely
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alchemytrader alchemytrader 4 years ago
dang...might have to chase here in the 6s
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barnyarddog barnyarddog 4 years ago
4.76 Latest Headlines


Denny's Corp. (DENN) Paused (quotes only) due to market wide circuit breaker resumption
Dow Jones 3/18/20 1:09 PM ET

Denny's Corp. (DENN) Paused (quotes only) due to market wide circuit breaker resumption
Dow Jones 3/16/20 9:40 AM ET

DENNY'S CORPORATION FORTIFIES BALANCE SHEET
GlobeNewswire 3/16/20 9:28 AM ET

Denny's Corp. (DENN) Paused (quotes only) due to market wide circuit breaker resumption
Dow Jones 3/12/20 9:49 AM ET

Denny's Coverage Assumed by Stephens & Co. at Overweight
Dow Jones 3/10/20 6:50 AM ET

Denny's cancels participation at 2020 UBS Global Consumer and Retail Conference scheduled for March 5, citing abundance of caution amid coronavirus concerns
Briefing.com 3/4/20 12:58 PM ET

Denny's Corporation Cancels Participation at the 2020 UBS Global Consumer and Retail Conference Due to Concerns Related to the Coronavirus
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barnyarddog barnyarddog 4 years ago
4.76

https://www.dennys.com/
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Hitman970 Hitman970 4 years ago
Load up 10s
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Pocket9s Pocket9s 6 years ago
Alert confirmed DENN loading zone!!!
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Fibanotch Fibanotch 7 years ago
bull penn , yeah that's it
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Fibanotch Fibanotch 7 years ago
nice
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Pocket9s Pocket9s 7 years ago
5 Day bull pennant >
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Pocket9s Pocket9s 7 years ago
12.00$ !
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Fibanotch Fibanotch 7 years ago
really?
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Pocket9s Pocket9s 7 years ago
Sell off ahead of earnings!
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Fibanotch Fibanotch 7 years ago
4 sure
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Pocket9s Pocket9s 7 years ago
Bull run on the 10 year chart!!!$$$
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Fibanotch Fibanotch 7 years ago
4 sure
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Pocket9s Pocket9s 7 years ago
The Grand Slam rules!
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Fibanotch Fibanotch 7 years ago
is that huge
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Pocket9s Pocket9s 7 years ago
All local locations are packed near me! DENN PT near term 12.50-13.00 on earnings beat.
Or 9.00$ on a huge miss!
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Fibanotch Fibanotch 7 years ago
a'ur ah
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Pocket9s Pocket9s 7 years ago
DENN roaring off support on the 5 day chart, accumulation before earnings?
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Pocket9s Pocket9s 7 years ago
Earnings coming $$$
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Fibanotch Fibanotch 7 years ago
20 ,,, I wish
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Pocket9s Pocket9s 7 years ago
Price Target 20.00 DENN$
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Fibanotch Fibanotch 7 years ago
wen
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Fibanotch Fibanotch 7 years ago
all day
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Pocket9s Pocket9s 7 years ago
Reversal$$$
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Fibanotch Fibanotch 7 years ago
worth a look
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Pocket9s Pocket9s 7 years ago
Guess again!$$$
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Pocket9s Pocket9s 7 years ago
Out of the money calls with a 12.50 strike are cheap!!!!
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Pocket9s Pocket9s 7 years ago
Alert confirmed. $
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ernie44 ernie44 8 years ago
TIME out for a grand slam
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Pocket9s Pocket9s 8 years ago
Time to LOAD DENN$$$$$$$$$$$$
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Nighthawk_1 Nighthawk_1 9 years ago
I think they may miss their mark >.01 nxt time. Based on info from friend of mine, one restaurant had full house and manager fired two servers for some reason leaving only one and the manager to serve. People then began walking out not getting served. Manager has no ability to lead a crew, imo. AND it was on Christmas Day, one of the biggest days of the year for restaurants. Denny's really needs to take a solid hard look at who they have managing their restaurants. This is just one, how many more out there ran into the same thing?
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MCArmel1 MCArmel1 9 years ago
Denny's misses by $0.01, beats on revenue

Nov 3 2015, 16:15 ET | About: Denny's Corporation (DENN) | By: Niloofer Shaikh, SA News Editor

Denny's (NASDAQ:DENN): Q3 EPS of $0.11 misses by $0.01.

Revenue of $123.78M (+5.8% Y/Y) beats by $0.63M.

Shares +0.34%.

Press Release

http://seekingalpha.com/news/2889566-dennys-misses-by-0_01-beats-on-revenue?uprof=45#email_link


Denny’s Corporation Reports Results for Third Quarter 2015
Tue November 3, 2015 4:05 PM|GlobeNewswire | About: DENN

- 6.1% Growth in Domestic System-Wide Same-Store Sales -

- Adjusted Net Income per Share* Grows 11.6% -

- Increases Financial Capacity and Flexibility with Amended Credit Facility -

- Plans to Accelerate Share Repurchase Program -

SPARTANBURG, S.C., Nov. 03, 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 third quarter ended September 30, 2015.

Third Quarter Summary
•Domestic system-wide same-store sales growth of 6.1%, comprised of a 7.0% increase at company restaurants and 5.9% increase at domestic franchised restaurants.

•Opened nine franchised restaurants including one international location in Dubai.

•Completed 63 remodels including 13 at company restaurants.

•Company restaurant margin increased $3.2 million, or 2.6 percentage points.

•Franchise and licensing margin increased $1.0 million, or 2.2 percentage points.

•Adjusted EBITDA* of $23.6 million, or 19.0% of total operating revenue, grew 14.4%.

•Net Income of $9.0 million, or $0.11 per diluted share, increased 7.3%.

•Adjusted Net Income* of $9.3 million, or $0.11 per diluted share, increased 9.2%.

•Generated $12.4 million of Free Cash Flow*, which includes acceleration of remodels at company restaurants and the purchase of one franchised restaurant.

•Allocated $17.7 million to repurchase 1.5 million shares during the 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, Throughout the third quarter, brand momentum continued as we generated strong same-store sales growth at both franchised and company restaurants. This includes growth in guest traffic over the past year for the system and since 2013 at company restaurants. We are benefiting from the execution of our brand revitalization efforts focused on enhancing our food, service and atmosphere. With only 30% of the system expected to reflect the successful Heritage image by the end of this year, we are thrilled to have the opportunity to build on our progress. We are also encouraged by the results we are realizing from the ongoing investments made in our brand, in our team members and in our company restaurants. Based on our improved operations, we expect to continue to invest in our strategies to further elevate the Dennys experience, and build on our momentum in the coming years.

Third Quarter Results

Dennys total operating revenue grew 5.8% to $123.8 million resulting from growth in both company restaurant sales and franchise and license revenue. Franchise and license revenue grew 0.9% to $34.5 million. Company restaurant sales expanded 7.8% to $89.3 million, primarily due to the increase in same-store sales and the reopening of the Las Vegas Casino Royale restaurant in November 2014.

In the quarter, Dennys opened nine franchised restaurants, including one international location, and closed five franchised restaurants, bringing the total number of restaurants to 1,700. Domestic system-wide same-store sales grew 6.1%, including a 7.0% increase at company restaurants and a 5.9% increase at domestic franchised restaurants.

Franchise operating margin was $23.9 million, or 69.1% of franchise and license revenue. The $1.0 million improvement was primarily due to an increase in royalties. Company restaurant operating margin increased $3.2 million, or 2.6 percentage points, to $14.2 million, or 15.9% of company restaurant sales, primarily due to the leveraging effect from the growth in same-store sales, partially offset by higher product costs and higher incentive compensation.

Total general and administrative expenses were $16.0 million compared to $13.4 million in the prior year quarter primarily due to increases in share-based compensation and payroll and benefits. Depreciation and amortization expense of $5.4 million increased $0.2 million. Interest expense of $2.3 million was flat compared to the prior year quarter. The provision for income taxes was $3.9 million, reflecting an effective tax rate of 30.1%. Due to the use of net operating loss and tax credit carryforwards, the Company paid $0.8 million in cash taxes during the quarter.

Denny's (DENN) net income of $9.0 million increased 7.3% compared to prior year quarter net income of $8.3 million, with net income per diluted share of $0.11 growing 9.7% compared to $0.10 per diluted share in the prior year quarter. Adjusted Net Income per Share* grew 11.6% to $0.11 compared to the prior year quarter.

Dennys generated $12.4 million of Free Cash Flow* in the quarter, after investing $8.4 million on capital expenditures, primarily used to remodel 13 company restaurants and to acquire a franchised restaurant.

Credit Facility Amendment

On October 30, 2015, the Company completed an amendment to its existing revolving credit facility increasing the credit facility to $325 million from $250 million. The maturity date remains March 2020. There was no change to the interest rates for the facility. Borrowings under the credit facility bear a tiered interest rate based, which is based on the Company's consolidated ratio and is currently set at LIBOR plus 150 basis points. Dennys ended the third quarter with $169.7 million of total debt outstanding, including $150.0 million of borrowings under its revolving credit facility.

Capital Allocation

During the third quarter, the Company repurchased 1.5 million shares for $17.7 million. Through the first three quarters of the year, $38.9 million has been allocated to repurchase 3.5 million shares. Subsequent to the quarter, the Company completed the 10 million share repurchase program announced April 25, 2013. As of October 30, 2015, the Company had approximately $92 million remaining under the $100 million authorized share repurchase program. In addition to open market repurchases or transactions conducted under the terms of a Rule 10b5-1 plan, Dennys intends to enter into a $50 million accelerated share repurchase program in the near term.

Business Outlook

Mark Wolfinger, Denny's Executive Vice President, Chief Administrative Officer and Chief Financial Officer, commented, Our continued strong performance has enabled us to grow year-to-date Adjusted Net Income per Share* by 24%. Through the first three quarters, we have generated $35 million of Free Cash Flow*, after remodels and acquisitions, with our year-to-date allocation towards share repurchases exceeding all of 2014. Going forward, we remain focused on enhancing the growth of our highly franchised business with ongoing investments in our company restaurants while also returning value to our shareholders through our share repurchase program.

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.
•Company same-store sales growth between 6.0% and 6.5% (vs. 5.5% to 6.5%**) with domestic franchise same-store sales growth between 5.2% and 5.7% (vs. 5.0% to 6.0%**).

•44 to 46 new restaurant openings (vs. 40 to 45**), including four company operated openings in partnership with Kwik Trip TM convenience stores, with net restaurant growth of 4 to 8 restaurants.

•Total operating revenue between $489 and $492 million with franchise and licensing revenue between $137 and $138 million.

•Company margin between 16.5% and 17.0% with franchise margin between 67.5% and 68.0%, including $10 million in franchise occupancy margin.

•Total general and administrative expenses between $66 and $67 million (vs. $64 to $67 million**), including approximately $7 million of share-based compensation expense.

•Adjusted EBITDA* between $86 and $88 million.

•Depreciation and amortization expense of approximately $21 million.

•Net interest expense between $9.0 and $9.5 million.

•Effective income tax rate between 34% and 35% with $5.5 to $6.5 million of cash taxes.

•Cash capital expenditures between $31 and $33 million (vs. $26 to $28 million**) including completion of approximately 50 remodels at company restaurants, opening of four new company restaurants, acquisition of three franchised restaurants and purchase of real estate.

•Free Cash Flow* between $40 and $42 million (vs. $44 to $46 million**).


* 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.
** As announced in Second Quarter 2015 Earnings Release on August 3, 2015.

Conference Call and Webcast Information

Dennys will provide further commentary on the results for the third quarter ended September 30, 2015 on its quarterly investor conference call today, Tuesday, November 3, 2015 at 5:00 p.m. Eastern Time. Interested parties are invited to listen to a live broadcast of the conference call accessible through the investor relations section of Dennys website at investor.dennys.com. A replay of the call may be accessed at the same location later in the day and will remain available for 30 days.

About Dennys

Denny's is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of September 30, 2015, Dennys had 1,700 franchised, licensed, and company restaurants around the world with combined sales of $2.7 billion including 109 restaurants in Canada, Costa Rica, Mexico, Honduras, Guam, Curaçao, Puerto Rico, Dominican Republic, El Salvador, Chile, New Zealand and the United Arab Emirates, and 161 company operated restaurants in the United States. For further information on Denny's, including news releases, links to SEC (SCUR) filings and other financial information, please visit the Denny's investor relations website at investor.dennys.com.

The Company urges caution in considering its current trends and any outlook on earnings disclosed in this press release. In addition, certain matters discussed in this release may constitute forward-looking statements. These forward-looking statements, which reflect its best judgment based on factors currently known, are intended to speak only as of the date such statements are made and involve risks, uncertainties, and other factors that may cause the actual performance of Dennys Corporation, its subsidiaries and underlying restaurants to be materially different from the performance indicated or implied by such statements. Words such as expects, anticipates, believes, intends, plans, hopes, and variations of such words and similar expressions are intended to identify such forward-looking statements. Except as may be required by law, the Company expressly disclaims any obligation to update these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Factors that could cause actual performance to differ materially from the performance indicated by these forward-looking statements include, among others: the competitive pressures from within the restaurant industry; the level of success of the Companys strategic and operating initiatives; advertising and promotional efforts; adverse publicity; changes in business strategy or development plans; terms and availability of capital; regional weather conditions; overall changes in the general economy, particularly at the retail level; political environment (including acts of war and terrorism); and other factors from time to time set forth in the Companys SEC reports and other filings, including but not limited to the discussion in Managements Discussion and Analysis and the risks identified in Item 1A. Risk Factors contained in the Companys Annual Report on Form 10-K for the year ended December 31, 2014 (and in the Companys subsequent quarterly reports on Form 10-Q).

More...

http://seekingalpha.com/pr/15221986-denny-s-corporation-reports-results-for-third-quarter-2015

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Nighthawk_1 Nighthawk_1 9 years ago
Maybe I'll buy 2M @ $8.
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Nighthawk_1 Nighthawk_1 9 years ago
Oh yeah, it's time to sell and pick up on the low end, IMO. Getting a bit weak here.
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OGSPECULATOR OGSPECULATOR 9 years ago
Do some DD DENN$$$$$$$$$
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Nighthawk_1 Nighthawk_1 9 years ago
Stopped in a couple more heading to Oregon. One in California, seemed they didn't even have any concern for their customers. I watched one table of four trying to get attention of waitress for about 30-minutes. They finally gave up and left. Another, evidently either the waitress got orders wrong or cook didn't do well and the party of five ended up leaving after complaining. Guy that was waiting on them got rude with them when they had a legitimate complaint. With these walk-outs and I am sure there are plenty more around country, I just don't see the numbers coming in like they say they are. I would wait for a drop on this one, IMO.
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rarefind rarefind 9 years ago
I sold my options weeks ago for a 50% gain right after earnings....
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Nighthawk_1 Nighthawk_1 9 years ago
In my opinion, I believe we will see a pull-back here. Maybe not to the levels I stated before, but IMO under $9. I don't think that the overall markets are quite done yet. I think this was trying to satisfy a few and then another pull-back.
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Nighthawk_1 Nighthawk_1 9 years ago
Looking at past reports and looking at the numbers. Something just does not add up. Even my gut is telling me something is not right. Can't quite put my finger on it just yet. I guess I'll just keep working it.
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Nighthawk_1 Nighthawk_1 9 years ago
I project share to drop to $4 - $5. IMO
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Nighthawk_1 Nighthawk_1 9 years ago
I travel the country, I visit many restaurants, I look at many things. It is a wonder that Denny's missed by only .01. I myself was projecting they would miss by much, much more. I happened to stop in for breakfast at one in Manhattan, KS. The GM was one of the worst I have ever seen. She is quite rude, very disrespectful to her employees. I spoke briefly with the waitress who was serving me. Found that they can't keep people because no one wants to work for this GM. Customers have to wait longer for their food because they have so few servers. I could even hear the GM in the back from where I was sitting. I wouldn't work for her. My opinion, this is going down hill very soon.
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MCArmel1 MCArmel1 9 years ago
Denny's misses by $0.01, beats on revenue

Aug 3 2015, 16:13 ET | About: Denny's Corporation (DENN) | By: Niloofer Shaikh, SA News Editor

Denny's (NASDAQ:DENN): Q2 EPS of $0.11 misses by $0.01.
Revenue of $123.32M (+7.6% Y/Y) beats by $3.04M.
Shares -3.41%.
Press Release

http://seekingalpha.com/news/2685805-dennys-misses-by-0_01-beats-on-revenue?uprof=45#email_link


Denny’s Corporation Reports Results for Second Quarter 2015
Mon August 3, 2015 4:05 PM|GlobeNewswire | About: DENN

- 7.3% Growth in Domestic System-Wide Same-Store Sales -

- Adjusted Net Income per Share* Grows 21.2% -

- Raises 2015 Full Year Guidance for Same-Store Sales and Adjusted EBITDA* -

SPARTANBURG, S.C., Aug. 03, 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 second quarter ended July 1, 2015.

Second Quarter Summary
•Domestic system-wide same-store sales growth of 7.3%, comprised of a 7.9% increase at company restaurants and 7.2% increase at domestic franchised restaurants.

•Opened 13 system restaurants including four international locations.

•Completed 77 remodels including 17 at company restaurants.

•Adjusted EBITDA* of $24.4 million, or 19.8% of total operating revenue, increased 15.9%.

•Net Income of $9.7 million increased 17.7% with Diluted Net Income per Share of $0.11 growing 20.8%.

•Adjusted Net Income of $9.8 million grew 18.1% with Adjusted Net Income per Share* of $0.11 increasing 21.2%.

•Generated $9.6 million of Free Cash Flow* after remodel investments at company restaurants and the purchase of one parcel of real estate.

•Allocated $16.1 million to repurchase 1.5 million shares during the second 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 generated another quarter of strong same-store sales growth at both franchised and company restaurants including our third consecutive quarter of growth in system-wide guest traffic. We are benefitting from the investments we have made in our brand revitalization strategy to enhance our food, service and atmosphere. Our success in driving profitable guest traffic growth and increasing guest satisfaction scores confirm that the improvements we have made are resonating with our guests, franchisees and employees. Going forward, we will remain focused on executing our strategies to elevate the Dennys experience and are still in the early stages of the revitalization process as our Heritage remodel program has penetrated nearly 25% of the system.

Second Quarter Results

Dennys total operating revenue grew 7.6% to $123.3 million resulting from an increase in both company restaurant sales along with franchise and license revenue. Franchise and license revenue of $34.7 million increased $1.2 million, or 3.6%, primarily due to higher royalty revenue resulting from an increase in same-store sales. Company restaurant sales of $88.6 million grew $7.5 million, or 9.2%, primarily due to the increase in same-store sales and the reopening of the Las Vegas Casino Royale restaurant in November 2014.

In the second quarter, Dennys opened 13 franchised restaurants, including four international locations, and closed 11 system restaurants, including one company restaurant, bringing the total number of restaurants to 1,696. Domestic system-wide same-store sales grew 7.3%, including a 7.9% increase at company restaurants and 7.2% increase at domestic franchised restaurants.

Franchise operating margin was $23.5 million, or 67.7% of franchise and license revenue, an increase of $0.6 million. This improvement was primarily due to an increase in royalties, partially offset by a rise in direct costs. Company restaurant operating margin of $16.3 million, or 18.4% of company restaurant sales, increased $4.8 million, or 4.2 percentage points. The improvement in company margin was primarily driven by the leveraging effect from the growth in same-store sales.

Total general and administrative expenses were $16.8 million compared to $14.1 million in the prior year quarter primarily due to higher incentive and share-based compensation expenses, along with higher payroll and benefits expenses. Depreciation and amortization expense was flat at $5.3 million, as was interest expense at $2.3 million. In the second quarter, the provision for income taxes was $5.5 million, reflecting an effective tax rate of 36.1%. Due to the use of net operating loss and tax credit carryforwards, the Company paid $3.9 million in cash taxes during the second quarter.

Denny's (DENN) second quarter net income of $9.7 million increased 17.7% compared to prior year quarter net income of $8.3 million, with net income per diluted share of $0.11 growing 20.8% compared to $0.09 per diluted share in the prior year quarter. Adjusted Net Income* of $9.8 million grew 18.1% compared to prior year quarter Adjusted Net Income* of $8.3 million. Adjusted Net Income per Share* of $0.11 increased 21.2% compared to prior year quarter Adjusted Net Income per Share* of $0.09.

Dennys generated $9.6 million of Free Cash Flow* in the second quarter, after investing $9.0 million on capital expenditures primarily used to remodel 17 company restaurants and to acquire a parcel of real estate, which is leased to a franchisee. During the quarter, the Company repurchased 1.5 million shares for $16.1 million. At the end of the second quarter, the Company had approximately 10.5 million shares authorized under its ongoing repurchase programs based on the closing share price on July 31, 2015. Dennys ended the second quarter with $160.6 million of total debt outstanding, including $142.0 million of borrowings under its revolving credit facility.

More...

http://seekingalpha.com/pr/14288645-denny-s-corporation-reports-results-for-second-quarter-2015
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MikeBK205 MikeBK205 9 years ago
Does anyone know when DENN went public. ?
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rarefind rarefind 9 years ago
Back in the Nov 12.50 calls.....i like restaurants again now that oil is coming back down again....should be a benefit to dennys bottom line////,,,,oil keeps moving lower again this sector will see a lot of buying
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OGSPECULATOR OGSPECULATOR 9 years ago
Bull flag alert 12 soon!
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