Key Developments For Denny's Corporation
Denny's Corporation (DENN.O) (Consolidated Issue listed on NASDAQ Capital Market)
Denny's Corporation Sees FY 2009 EBITDA Guidance At High End Of Prior Range; Raises FY 2009 Adjusted Income Guidance; Revises FY 2009 Same Store Sales Guidance
Denny's Corporation updated fiscal 2009 guidance for adjusted EBITDA to be at high end of original guidance of $73 to $78 million, adjusted income before taxes of between $21 to $22 million from prior range of $15 to $20 and Company same-store sales to be (3.75%) to (3.0%) from prior range of (3.0%) to (1.0%).
Denny's Corporation Reaffirms FY 2009
Denny's Corporation reaffirmed its fiscal 2009 guidance announced in its fourth quarter 2008 earnings release on February 18, 2009. Key guidance provided at that time included, company same-store sales of (3.0%) to (1.0%) and adjusted income before taxes of between $15 million and $20 million. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $80 million for fiscal 2009.
Denny's Corporation Reaffirms FY 2009 Outlook
Denny's Corporation announced that for fiscal 2009, it has reaffirmed its outlook. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $73 million for the same period.
Denny's Corporation Issues FY 2009 EBITDA Guidance Below Analysts' Estimates; Comments On FY 2009 Same-Store Sales Guidance
Denny's Corporation announced that for fiscal 2009, it expects Company restaurant sales to be in the range of $485-$500 million, adjusted EBITDA to be in the range of $73-$78 million, adjusted income before taxes to be in the range of $15-$20 million and Company same-store sales of (3.0%) to (1.0%). According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $81 million for the same period.
Denny's Corporation To Meet Or Exceed Prior FY 2008 Guidance
Denny's Corporation announced that based on preliminary, unaudited results for the fourth quarter of 2008, it expects to meet or exceed its previous guidance for fiscal 2008 adjusted income before taxes of $20 million. In addition, the Company's expects to report total operating revenue of approximately $184 million compared with $220 million in the prior year period due primarily to the sale of 79 company restaurants over the last four quarters.
