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News Breaks
January 3, 2014
08:03 EDTDENNDenny's rebuilds highest volume company-owned restaurant
Denny's announced that one of its Las Vegas restaurants, located at 3397 South Las Vegas Boulevard adjacent to the Best Western Plus Casino Royale and across the street from the Mirage Hotel and Casino, has been closed for reconstruction. This company operated location is the highest volume restaurant for the brand and is expected to reopen in 2015. The company's Casino Royale location is one of Denny's oldest existing restaurants and opened in 1966. The landlord is redeveloping the location to include a completely rebuilt Denny's restaurant with an updated atmosphere and additional seating capacity. In 2013, the company expects this restaurant to contribute pre-tax operating income of approximately $2.8M-$2.9M.
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July 28, 2014
16:22 EDTDENNDenny's backs FY14 domestic franchise SSS view of up 1%-2%
Raises FY14 company SSS guidance to up 2.5%-3.5% from up 2%-3%. Lowers FY14 new restaurant openings guidance to 40-45 all franchised restaurants from 45-50 all franchised restaurants. Raises FY14 adjusted EBITDA guidance to $78M-$80M from $77M-$79M.
16:18 EDTDENNDenny's reports Q2 adjusted EPS 9c, consensus 8c
Reports Q2 revenue $114.6M, consensus $114.33M. Reports Q2 domestic system-wide SSS up 1.9%, comprised of a 3.7% increase at company restaurants and 1.7% increase at domestic franchised restaurants. Denny's opened three franchised restaurants in Q2 and closed six system restaurants; five franchised and one company, bringing the total restaurant count to 1,693, comprised of 160 company restaurants and 1,533 franchised restaurants.
15:47 EDTDENNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include General Growth Properties (GGP), consensus 30c; Eastman Chemical (EMN), consensus $1.84; Range Resources (RRC), consensus 40c; XL Group (XL), consensus 83c; Plum Creek Timber (PCL), consensus 30c; Masco (MAS), consensus 28c; Jacobs Engineering (JEC), consensus 80c; Herbalife (HLF), consensus $1.57; W.R. Berkley (WRB), consensus 77c; HEALTHSOUTH (HLS), consensus 47c; Denny's (DENN), consensus 8c; Integrated Device Technology (IDTI), consensus 16c; Advent Software (ADVS), consensus 34c; Tile Shop Holdings (TTS), consensus 11c; Meru Networks (MERU), consensus (11c); Crane Co. (CR), consensus $1.16.
July 23, 2014
11:38 EDTDENNBrinker retreats after analyst downgrades on industry concerns
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