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Denny's Corp (DENN.OQ)

DENN.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Denny's Reports Q2 Loss Per Share $0.41
Wednesday, 29 Jul 2020 

July 28 (Reuters) - Denny's Corp ::DENNY’S CORPORATION REPORTS RESULTS FOR SECOND QUARTER 2020.Q2 ADJUSTED LOSS PER SHARE $0.25.Q2 LOSS PER SHARE $0.41.Q2 REVENUE $40.2 MILLION VERSUS $151.9 MILLION.QTRLY DOMESTIC SYSTEM-WIDE SAME-STORE SALES DECREASED 56.9%.CANNOT REASONABLY PROVIDE AN UPDATED BUSINESS OUTLOOK AT THIS TIME.  Full Article

Denny's Announces Pricing Of Offering Of 8,000,000 Shares Of Common Stock
Wednesday, 1 Jul 2020 

July 1 (Reuters) - Denny's Corp ::DENNY’S CORPORATION ANNOUNCES PRICING OF OFFERING OF 8,000,000 SHARES OF COMMON STOCK.SAYS PUBLIC OFFERING OF 8.00 MILLION COMMON SHARES PRICED AT $9.15PER SHARE.  Full Article

Denny's Corp Provides Business Update In Response To Covid-19
Tuesday, 16 Jun 2020 

June 16 (Reuters) - Denny's Corp ::DENNY’S CORPORATION PROVIDES BUSINESS UPDATE IN RESPONSE TO COVID-19.DENNY'S CORP - DOMESTIC SYSTEM-WIDE SAME-STORE SALES HAVE SEQUENTIALLY IMPROVED ON A WEEKLY BASIS DURING Q2 OF 2020.DENNY'S - DURING THIS TIME, MOST RESTAURANTS OPERATING WITH STREAMLINED MENUS & REDUCED OPERATING HOURS, WHICH HAVE IMPACTED SAME-STORE SALES RESULTS.DENNY'S - AS DINING ROOMS REOPEN, CO'S RESTAURANTS RETAINED OVER 90% OF INCREASE IN OFF-PREMISE SALES THUS FAR DURING FISCAL JUNE VERSUS FISCAL APRIL.DENNY'S CORP - AVERAGE UNIT VOLUMES OF OFF-PREMISE SALES MORE THAN DOUBLED BETWEEN FEBRUARY 2020 & APRIL 2020.DENNY'S CORP - SECURED RENT RELIEF IN FORM OF ABATEMENTS OR DEFERRALS FOR OVER 77% OF LEASES IN WHICH CO IS A LESSEE.DENNY'S CORP -HAS AGREED FOR FRANCHISEE SUPPORT, A ONE-TIME $3 MILLION ROYALTY ABATEMENT IN SECOND FISCAL QUARTER OF 2020.  Full Article

Denny's Says Entered Second Amendment To Third Amended And Restated Credit Agreement
Friday, 15 May 2020 

May 14 (Reuters) - Denny's Corp ::DENNY'S CORP - ON MAY 13, CO ENTERED INTO A SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT.DENNY'S CORP - CAPITAL EXPENDITURES WILL BE RESTRICTED BEGINNING ON EFFECTIVE DATE OF SECOND AMENDMENT THROUGH FISCAL QUARTER ENDING MARCH 31, 2021.DENNY'S - SECOND AMENDMENT ADDS A MONTHLY MINIMUM LIQUIDITY COVENANT, FROM $60 MILLION TO $70 MILLION, STARTING EFFECTIVE DATE OF AMENDMENT TO MAY 26, 2021.DENNY'S CORP - SECOND AMENDMENT TEMPORARILY WAIVES CERTAIN FINANCIAL COVENANTS UNTIL FISCAL QUARTER ENDED MARCH 31, 2021.  Full Article

Denny's Reports Q1 Earnings Per Share Of $0.16
Friday, 15 May 2020 

May 14 (Reuters) - Denny's Corp ::DENNY’S CORPORATION REPORTS RESULTS FOR FIRST QUARTER 2020.Q1 ADJUSTED EARNINGS PER SHARE $0.17.Q1 EARNINGS PER SHARE $0.16.Q1 REVENUE $96.7 MILLION VERSUS $151.4 MILLION.QTRLY DOMESTIC SYSTEM-WIDE SAME-STORE SALES DECREASED 6.3%.DENNY'S - DOMESTIC SYSTEM-WIDE SAME-STORE SALES HAVE SEQUENTIALLY IMPROVED OVER LAST FEW WEEKS OF APRIL, AS COMPARED TO EQUIVALENT WEEKS OF 2019.AVERAGE UNIT VOLUMES OF OFF-PREMISE SALES HAVE MORE THAN DOUBLED FROM FEBRUARY 2020 TO APRIL 2020.CANNOT REASONABLY PROVIDE AN UPDATED BUSINESS OUTLOOK AT THIS TIME.Q1 EARNINGS PER SHARE VIEW $0.11, REVENUE VIEW $98.7 MILLION -- REFINITIV IBES DATA.PICK-UP SALES IN APRIL 2020 ACCOUNTED FOR 57% OF TOTAL SALES, WHILE DELIVERY SALES ACCOUNTED FOR 39%.  Full Article

Denny's Corp Says Q1 Domestic System-Wide Same-Store Sales Declined 6.3% YoY
Monday, 4 May 2020 

May 4 (Reuters) - Denny's Corp ::DENNY'S CORP - Q1 2020 DOMESTIC SYSTEM-WIDE SAME-STORE SALES DECLINED 6.3% AS COMPARED TO Q1 OF 2019.DENNY'S CORP - AVERAGE UNIT VOLUMES OF OFF-PREMISE SALES HAVE GROWN APPROXIMATELY 107% FROM FEBRUARY 2020 TO APRIL 2020.DENNY'S CORP - ABOUT 74% OF DOMESTIC, INTERNATIONAL DENNY'S RESTAURANTS ARE OPERATING SOLELY OR PRIMARILY WITH TAKE-OUT AND DELIVERY OPTIONS.DENNY'S CORP - FURLOUGHED OVER 25% OF CORPORATE OFFICE.DENNY'S CORP - 12-WEEK LEASE DEFERRAL FOR FRANCHISEES OPERATING IN PROPERTIES OWNED BY COMPANY.DENNY'S CORP - DEFERRAL OF ALL REMODELS UNTIL FURTHER NOTICE, DEFERRAL OF ROYALTY AND ADVERTISING FEES FOR FISCAL WEEK 11 OF 2020 FISCAL YEAR.DENNY'S CORP - SECURED RENT RELIEF IN FORM OF ABATEMENTS OR DEFERRALS FOR OVER 70% OF LEASES IN WHICH COMPANY IS A LESSEE.  Full Article

Denny's Sees Q1 Domestic System-Wide Same-Store Sales Down About 6%
Tuesday, 7 Apr 2020 

April 7 (Reuters) - Denny's Corp ::DENNY'S CORP SEES Q1 2020 DOMESTIC SYSTEM-WIDE SAME-STORE SALES TO BE DOWN ABOUT 6% AS COMPARED TO Q1 2019.DENNY'S - DOMESTIC SYSTEM-WIDE SAME-STORE SALES DECLINED ABOUT 19% IN MARCH 2020 VERSUS MARCH 2019, REFLECTING PROGRESSIVE IMPACT OF COVID-19.DENNY'S SAYS MAJORITY OF RESTAURANTS IN CO'S SYSTEM CONTINUE OPERATING WITH TAKE OUT OR DELIVERY ONLY OPTIONS, SOME WITH REDUCED MENUS & HOURS.DENNY'S - IMPLEMENTED BASE SALARY REDUCTIONS FOR CEO, CFO, OTHER NAMED EXECUTIVE OFFICERS, OTHER OFFICERS & DIRECTOR LEVEL EMPLOYEES ON APRIL 2.DENNY'S CORP - CASH RETAINER FEE FOR ALL NON-EMPLOYEE DIRECTORS SERVING ON CO'S BOARD OF DIRECTORS WAS REDUCED AS WELL.DENNY'S CORP - CONSIDERING WEEKLY WORK HOUR REDUCTIONS & IMPLEMENTED WORK-REDUCTION FURLOUGHS FOR EMPLOYEES.  Full Article

Denny's Corporation Fortifies Balance Sheet
Monday, 16 Mar 2020 

March 16 (Reuters) - Denny's Corp ::DENNY’S CORPORATION FORTIFIES BALANCE SHEET.DENNY'S CORP - HAS SECURED ADDITIONAL FUNDING THROUGH ITS REVOLVING CREDIT FACILITY.DENNY'S CORP - HAS TERMINATED ITS LIMITED PRE-ARRANGED STOCK TRADING PLAN, EFFECTIVE TODAY.DENNY'S CORP - EXPECTS CONSOLIDATED RESULTS TO BE MATERIALLY AFFECTED FOR Q2 AND FULL YEAR OF FISCAL 2020.DENNY'S CORP - WILL UPDATE ITS GUIDANCE WHEN IT CAN REASONABLY ESTIMATE IMPACT OF CORONAVIRUS AND CHANGING CONDITIONS.  Full Article

Denny’s Corp Reports Q4 Adjusted Earnings Per Share $0.23
Wednesday, 12 Feb 2020 

Feb 11 (Reuters) - Denny's Corp ::DENNY’S CORPORATION REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2019.Q4 ADJUSTED EARNINGS PER SHARE $0.23.Q4 EARNINGS PER SHARE $0.31.Q4 REVENUE $113.8 MILLION VERSUS $159.5 MILLION.QTRLY DOMESTIC SYSTEM-WIDE SAME-STORE SALES GREW 1.7%.QTRLY FRANCHISE OPERATING MARGIN WAS $31.8 MILLION.SEES 2020 DOMESTIC SYSTEM-WIDE SAME-STORE SALES GROWTH BETWEEN 0% AND 2%.SEES 30 TO 40 NEW RESTAURANT OPENINGS IN 2020.SEES 2020 TOTAL OPERATING REVENUE BETWEEN $453 AND $459 MILLION.SEES 2020 ADJUSTED EBITDA BETWEEN $97 AND $100 MILLION.Q4 EARNINGS PER SHARE VIEW $0.17, REVENUE VIEW $107.0 MILLION -- REFINITIV IBES DATA.  Full Article

Denny’s Corp Realigns Leadership Team
Wednesday, 5 Feb 2020 

Feb 4 (Reuters) - Denny's Corp ::DENNY’S CORPORATION REALIGNS LEADERSHIP TEAM.DENNY'S CORP - PROMOTES ROBERT VEROSTEK TO CHIEF FINANCIAL OFFICER.DENNY'S CORP - PROMOTES JOHN DILLON TO EXECUTIVE VICE PRESIDENT, CHIEF BRAND OFFICER.DENNY'S CORP - PROMOTIONS ARE EFFECTIVE FEBRUARY 6, 2020.  Full Article