secwatch.observer — SEC 8-K summary
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Issuer:     DENNY'S Corp (—)
CIK:        0000852772
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000852772-24-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/852772/000085277224000034/0000852772-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/852772/000085277224000034/denn-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000852772-24-000034

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