Denny’s reports Q2 adjusted EPS 14c, consensus 16c

Reports Q2 revenue $116.9M, consensus $120.61M. Kelli Valade, CEO, stated, “We were pleased to report 3.0% Denny’s domestic system-wide same-restaurant sales, expansion of restaurant-level margins, and even higher growth in adjusted EBITDA for the quarter. We also nearly doubled adjusted free cash flow compared to the year-ago period, supporting our ability to repurchase shares under our authorization. As we continue to gain rich insights about our guests, we are excited about the opportunities to execute focused, long-term brand revitalization strategies at Denny’s while also expanding the reach of Keke’s.”