- Denny's (NASDAQ:DENN) reports system-wide same-store sales rose 7.3% in Q2 off of positive traffic trends..
- Operating margin +230 bps to 32.2% off some leveraging of costs.
- The remodel progam has now covered almost 25% of the company's store base.
- Full-year guidance: The company lifts it store opening outlook to 40 to 45 units from 35 to 45. Same-store sales are seen rising 5.5%-6.5% at company stores vs. 3.5%-4.5% prior view and 5.0% to 6.0% at franchised stores vs. 2.5% to 3.5% prior.
- DENN -7.94% after hours to $11.60 after a 7.14% bump in the regular session.