Denny's Corp. (DENN) Reports In-Line Q4 EPS, Updates Guidance
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Price: $8.38 +0.36%
EPS Growth %: +7.7%
Financial Fact:
Operating income: 17.58M
Today's EPS Names:
NLY, CP, RUSHA, More
EPS Growth %: +7.7%
Financial Fact:
Operating income: 17.58M
Today's EPS Names:
NLY, CP, RUSHA, More
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Denny's Corp. (NASDAQ: DENN) reported Q4 EPS of $0.07, in-line with the analyst estimate of $0.07.
System-wide same-store sales grew 1.7%, comprised of a 2.0% increase at franchised restaurants and a 0.5% increase at company restaurants.
Business Outlook
The Company continues to successfully execute against our Key Objectives implemented to strengthen and grow our position as one of the largest American full-service restaurant brands, based on number of restaurants. These include:
Revitalize Denny's image with our "America's Diner" positioning.
Increase the growth of the Denny's brand both domestically and internationally.
Grow profitability and Free Cash Flow* through a primarily franchise-focused business model that balances reinvesting in the brand with debt repayment and returning cash to shareholders.
The following full year 2013 estimates are based on management's expectations at this time.
System-wide same-store sales growth between 0% and 2%.
New restaurant openings (all franchised) between 40 and 45 restaurants with net
restaurant growth between 5 and 10 restaurants.
Total G&A, including share-based compensation, between $59 million and $61 million.
Adjusted EBITDA* between $76 million and $80 million.
Cash capital expenditures between $17 million and $19 million, including approximately 20 to 25 remodels at company restaurants.
Depreciation and amortization between $20 million and $21 million.
Net interest expense between $10.5 million and $11.5 million.
Cash taxes between $2.5 million and $3.5 million with income tax rate between 35% and 40%.
Free Cash Flow* between $46 million and $49 million.
For earnings history and earnings-related data on Denny's Corp. (DENN) click here.
System-wide same-store sales grew 1.7%, comprised of a 2.0% increase at franchised restaurants and a 0.5% increase at company restaurants.
Business Outlook
The Company continues to successfully execute against our Key Objectives implemented to strengthen and grow our position as one of the largest American full-service restaurant brands, based on number of restaurants. These include:
Revitalize Denny's image with our "America's Diner" positioning.
Increase the growth of the Denny's brand both domestically and internationally.
Grow profitability and Free Cash Flow* through a primarily franchise-focused business model that balances reinvesting in the brand with debt repayment and returning cash to shareholders.
The following full year 2013 estimates are based on management's expectations at this time.
System-wide same-store sales growth between 0% and 2%.
New restaurant openings (all franchised) between 40 and 45 restaurants with net
restaurant growth between 5 and 10 restaurants.
Total G&A, including share-based compensation, between $59 million and $61 million.
Adjusted EBITDA* between $76 million and $80 million.
Cash capital expenditures between $17 million and $19 million, including approximately 20 to 25 remodels at company restaurants.
Depreciation and amortization between $20 million and $21 million.
Net interest expense between $10.5 million and $11.5 million.
Cash taxes between $2.5 million and $3.5 million with income tax rate between 35% and 40%.
Free Cash Flow* between $46 million and $49 million.
For earnings history and earnings-related data on Denny's Corp. (DENN) click here.
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