Denny's Corp (DENN) Reports In-Line Q4 EPS, Revenues Beat; Provides FY19 Business Outlook
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Denny’s Corporation Reports Results For Fourth Quarter And Full Year 2018
February 12, 2019 4:05 PM ESTSPARTANBURG, S.C., Feb. 12, 2019 (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 fourth quarter and full year ended December 26, 2018.
Fourth Quarter 2018 Highlights
Total Operating Revenue grew 17.7% to $159.5 million, primarily due to the benefit of revenue recognition changes.Domestic system-wide same-store sales** grew 1.4%, including increases of 2.1% at company restaurants and 1.2% at domestic franchised restaurants.Completed 41 remodels at franchised restaurants.Operating Income increased 4.8% to $19.8 million.Company Restaurant... More