Denny’s: Q1 Earnings Snapshot

SPARTANBURG, S.C. (AP) — SPARTANBURG, S.C. (AP) — Denny’s Corp. (DENN) on Tuesday reported first-quarter earnings of $597,000.

The Spartanburg, South Carolina-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 13 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The restaurant operator posted revenue of $117.5 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $114.4 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DENN at https://www.zacks.com/ap/DENN

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up