Dennys Corp Stock Price, News & Analysis

Denny’s Corporation (NASDAQ: DENN) will report its financial and operational results for the fourth quarter and full year ending December 30, 2020, on February 16, 2021, after market closure. A conference call with senior management is scheduled for the same day at 4:30 p.m. ET to discuss the results. Denny's operates a significant number of franchised restaurants worldwide, with a total of 1,650 locations as of December 30, 2020. For more information, interested parties can access the live broadcast through Denny's Investor Relations website.

Denny’s Corporation (NASDAQ: DENN) reported preliminary fourth-quarter and fiscal year 2020 results, with domestic system-wide same-store sales down 31%. The company faced challenges due to COVID-19, leading to a revised Adjusted EBITDA estimate of $24-$26 million. Denny's opened 20 new restaurants but closed 73, ending with 1,650 units. The company also paid down $20 million of its revolving credit, maintaining $82 million in liquidity. Future growth is anticipated with the launch of two virtual brands focused on burgers and melts, expected in the first half of fiscal 2021.

Denny's Corporation (NASDAQ: DENN) will participate virtually in the 23rd Annual ICR Conference, holding investor meetings and presenting on January 11, 2021, at 1:30 p.m. Eastern Time. Investors can listen to a live audio webcast of the presentation on Denny's investor relations website, with a replay available afterward. Denny's is a prominent franchisor and operator of one of America's largest full-service restaurant chains, with 1,664 restaurants worldwide as of September 23, 2020, including locations in Canada, Puerto Rico, and several countries across various continents.

Denny’s Corporation (NASDAQ: DENN) has amended its credit facility, enhancing financial flexibility amid the pandemic. The commitment is now $375 million, with certain financial covenants waived through March 31, 2021. Following this period, more favorable covenant levels will be implemented in fiscal Q2 and Q3 of 2021. As of November 18, 2020, Denny’s had $215 million outstanding on the facility, showcasing an effort to align with a conservative leverage strategy, as stated by CFO Robert Verostek.

Denny's Corporation (NASDAQ: DENN) announced its participation in the virtual Stephens 2020 Annual Investment Conference on November 18, 2020, at 4:00 p.m. ET. Mark Wolfinger, President, will present during the event, which investors can access via a live audio webcast on the company’s Investor Relations website. A replay will be available post-event. As of September 23, 2020, Denny's operates 1,664 restaurants globally, making it one of America's largest franchised full-service restaurant chains.

Denny's Corporation (NASDAQ: DENN) reported third-quarter results for the period ending September 23, 2020, amid the ongoing COVID-19 pandemic. Total operating revenue was $71.6 million, down from $124.3 million year-over-year. Domestic same-store sales decreased by 33.6%. Net income was $6.5 million, or $0.10 per diluted share, compared to $49.1 million, or $0.80 per diluted share, last year. Despite challenges, the company saw sequential sales improvement and emphasized its focus on health, safety, and operational innovations. The outlook for the remainder of 2020 projects same-store sales recovery between 70% and 75% of prior year levels.

Denny’s Corporation (NASDAQ: DENN) will release its financial results for Q3 2020 on October 27, 2020, after market close. A conference call with senior management will follow at 4:30 p.m. ET to discuss these results and answer questions. Interested parties can listen to the live broadcast on Denny's investor relations website. As of June 24, 2020, Denny’s operates 1,683 restaurants worldwide, including locations in Canada, Puerto Rico, Mexico, and several other countries. For more information, visit their investor relations site.

Denny’s Corporation (NASDAQ: DENN) announced its participation in CL King’s 18th Annual Best Ideas Conference, scheduled for September 16, 2020, at 11:00 a.m. Eastern Time. Mark Wolfinger, President, will present during the event, which will be available via a live webcast on Denny's Investor Relations website. As of June 24, 2020, Denny’s operates 1,683 restaurants worldwide, including locations in Canada, Mexico, the Philippines, and other countries. A replay of the presentation will be accessible after the live event.

Denny's Corporation (NASDAQ: DENN) reported second-quarter results on July 28, 2020, highlighting the challenges posed by COVID-19. Total operating revenue fell to $40.2 million, a 73% decline from the prior year. Same-store sales decreased 56.9%, with franchise revenue dropping to $25.0 million. Denny's reported a net loss of $23.0 million, equating to $0.41 per diluted share. Despite a decrease in sales, the company experienced a sequential improvement in same-store sales and implemented cost-saving measures, including financial relief for franchisees and a successful capital raise of $69.6 million.