Denny's Corp (DENN) Reports In-Line Q1 EPS

Denny's Corp (NASDAQ: DENN) reported Q1 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $151.4 million versus the consensus estimate of $148.83 million.

Domestic system-wide same-store sales grew 1.3%, including increases of 1.5% at company restaurants and 1.2% at domestic franchised restaurants.

John Miller, President and Chief Executive Officer, stated, “Our 2019 started strong with growth in system-wide same-store sales**, operating margins*, and Adjusted Free Cash Flow*. Based on these results and expectations for the remainder of the year, we are reaffirming our annual business outlook. We are pleased with the initial progress of our refranchising and development strategy which we believe will enable us to further evolve into a franchisor of choice in the industry, providing more focused support services. Upon completion, this approach is expected to result in a higher quality, more asset-light business model and the creation of additional stakeholder value."

For earnings history and earnings-related data on Denny's Corp (DENN) click here.

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