Revenue Update on Denny's Corporation(NASDAQ:DENN)

Denny's Corporation(NASDAQ:DENN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $124.31M. Analysts estimated a revenue of $125.78M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.13.

Denny's Corporation (DENN) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.18% at a volume of 2,30,949. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.14. The peak price level was also seen at $11.14 while the days lowest was $10.98. Finally the shares closed at $11.02. The 52-week high of the shares is $12.6 while the 52-week low is $8.71. According to the latest information available, the market cap of the company is $824 M.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Stephen C. Dunn (Sr. VP, Chief Global Dev. Ofc.) sold 12,500 shares at $10.87 per share price.Also, On Mar 21, 2016, Pelt Jill A Van (Sr. V.P., Chief People Officer) sold 3,135 shares at $10.35 per share price.On Mar 9, 2016, F Mark Wolfinger (EVP, Chief Admin Officer & CFO) sold 26,100 shares at $10.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Denny’s Corporation (Denny’s) is a franchised full-service restaurant chain. The Company through its wholly owned subsidiary Denny’s Inc. owns and operates the Denny’s brand. Its other wholly owned subsidiaries include DFO LLC and Denny’s Realty LLC. The Denny’s brand consisted of approximately 1702 franchised licensed and the Company operated restaurants around the world including over 1596 restaurants in the United States and over 106 international locations. Approximately 1541 of Denny’s restaurants were franchised or licensed and over 161 were Company operated. It offers a variety of items for breakfast lunch dinner and late night dining. Denny’s Fit Fare menu helps its guests identify items suited to their dietary needs. Denny’s restaurants offer special items for children and seniors at reduced prices. It offers a selection of lunch and dinner items including burgers sandwiches salads and skillet entrees along with beverages appetizers and desserts.

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