Denny's Q1 revenue down 6.4% to $110M; adjusted EPS $0.11 vs $0.13; raises FY24 adjusted EBITDA guidance

DENNY'S Corp

2024-Q1 EPS reported $0.09 revenue$109,974,000

Total operating revenue $110.0M vs $117.5M prior year; domestic system-wide same-restaurant sales -1.3%.
Net income $4.7M ($0.09 diluted EPS) vs $0.6M; adjusted net income per share $0.11 vs $0.13.
Adjusted franchise operating margin 52.2% of franchise revenue; company restaurant margin 11.5% vs 13.2%.
FY24 guidance: same-restaurant sales 0-3%, adjusted EBITDA $87-91M (up from $85-89M).
Quarterly share repurchases $4.8M; $95.7M remaining under buyback authorization.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DENNY'S Corp reported first quarter ended March 27, 2024 results: revenue $110.0 million, net income $4.7 million, EPS $0.09 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 27, 2024
Revenue: $110.0 million
Net income: $4.7 million
EPS: $0.09 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the pandemic began. These initiatives are sure to generate incremental sales and margins at our flagship brand.” First Quarter 2024 Highlights (1) • Total operating revenue was $110.0 million compared to $117.5 million in the prior year quarter. • Denny's domestic system-wide same-restaurant sales** were (1.3%) compared to the equivalent fiscal period in 2023,

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Source: SEC EDGAR

accession 0000852772-24-000034

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