Loading...
•
Sep 29, 2021
Denny's Q3 2021 Earnings Report
Reported an increase in total operating revenue and net income compared to the prior year quarter, driven by COVID-19 recovery.
Key Takeaways
Denny's Corporation reported strong third-quarter results, with a 44.9% increase in total operating revenue to $103.8 million and a net income of $12.3 million, or $0.19 per diluted share. The company benefited from the COVID-19 recovery, with domestic system-wide same-store sales increasing 50.2% compared to 2020.
Total operating revenue increased 44.9% to $103.8 million.
Domestic system-wide same-store sales decreased 0.1% compared to 2019.
Net income was $12.3 million, or $0.19 per diluted share.
Adjusted EBITDA was $24.4 million compared to $8.0 million in the prior year quarter.
Revenue by Segment
Forward Guidance
The following full year 2021 estimates reflect management's expectations that the current economic environment will not change materially:
Positive Outlook
- Domestic system-wide same-store sales decline of approximately 5% compared to 2019.
- Total general and administrative expenses between $67 million and $69 million, including approximately $13.5 million related to share-based compensation.
- Adjusted EBITDA between $84 million and $86 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...