Denny's Corp (DENN) Comps Rose 1.7% in Q4; Reaffirms FY12 adj.-EBITDA Outlook

January 14, 2013 4:45 PM EST Send to a Friend
Denny's Corporation (Nasdaq: DENN) announced that the company will be presenting at the 15th Annual ICR XChange Investor Conference at the Fontainebleau Miami Beach hotel on Wednesday, January 16, 2013. The presentation will be at 9:40 a.m. Eastern Time. Investors and interested parties may access a copy of the presentation in the Investor Relations section of Denny's website at ir.dennys.com.

The Company is providing preliminary results for the fourth quarter and full year ended December 26, 2012 on same-store sales and unit openings. Denny's achieved its seventh consecutive quarter of positive system-wide same-store sales and second consecutive year of positive system-wide same-store sales. In the fourth quarter, Denny's franchisees opened 12 new units, closed 11 restaurants and purchased eight company-owned restaurants. In addition, the Company opened one new unit, acquired one franchised unit, and closed one restaurant. For the full year, Denny's opened 40 new units, including six international units. Denny's closed a total of 37 units during 2012 for net system unit growth of three units, which is the fourth consecutive year of positive net system growth for the brand.

Denny's is reiterating its full year 2012 guidance for Adjusted EBITDA* between $77 million and $80 million, and Adjusted Income Before Taxes* between $45 million and $48 million. Denny's expects to release financial and operating results for its fourth quarter and year ended December 26, 2012 after the market closes on Wednesday, February 20, 2013.


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