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Mar 25, 2020
Denny's Q1 2020 Earnings Report
Denny's reported results for the first quarter of 2020, which was impacted by the COVID-19 pandemic.
Key Takeaways
Denny's Corporation reported a decrease in total operating revenue to $96.7 million due to the impact of COVID-19, despite solid sales results through February. The company and its franchisees adapted quickly by focusing on safety and implementing off-premise sales channels. Cost savings measures and financial relief for franchisees were also implemented.
Total Operating Revenue was $96.7 million.
Domestic system-wide same-store sales decreased 6.3%.
Operating Income was $18.0 million.
Net Income was $9.0 million, or $0.16 per diluted share.
Revenue by Segment
Forward Guidance
The Company withdrew its guidance for the fiscal year ending on December 30, 2020. Given the dynamic and evolving impact of the COVID-19 pandemic on the Company's operations and substantial uncertainty about future performance, the Company cannot reasonably provide an updated business outlook at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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