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.
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.
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