UPDATE: Denny's Corporation (DENN) PT Raised to $19 at Stephens
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Denny’s Corporation Reports Results for First Quarter 2018
May 1, 2018 4:05 PM EDTSPARTANBURG, S.C., May 01, 2018 (GLOBE NEWSWIRE) -- Dennys Corporation (NASDAQ: DENN), franchisor and operator of one of America's largest franchised full-service restaurant chains, today reported results for its first quarter ended March 28, 2018.
First Quarter 2018 Highlights
Total Operating Revenue grew 21.4% to $155.3 million, primarily due to revenue recognition changes.Domestic system-wide same-store sales** grew 1.5%, including increases of 3.2% at company restaurants and 1.2% at domestic franchised restaurants.Completed 52 remodels, including 51 at franchised restaurants.Operating Income grew 0.8% to $16.4 million.Company Restaurant Operating Margin* was $14.3 million and... More