DENN
Denny's Corporation6.21
+0.01+0.16%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
319.81MP/E (TTM)
31.05Basic EPS (TTM)
0.20Dividend Yield
0%Recent Filings
8-K
Denny's merger closes, goes private
Denny's completed its merger with Sparkle Topco Corp. on January 16, 2026, taking the company private. Shareholders received $6.25 per share in cash; Nasdaq trading halted that day. Deal funded by $300M term loan, $35M revolver, and $145.5M sale-leaseback. Now backed by TriArtisan, Treville, and Yadav Enterprises. Control shifted fast.
8-K
Merger approved by shareholders
8-K
Proxy supplement amid merger suits
Denny's supplements its proxy statement amid lawsuits and demand letters alleging disclosure gaps on merger details with TriArtisan-backed buyer at $6.25 per share. It adds background on prior IOIs—from $9.00 dropping to $6.25—Truist comps (4.6x-8.9x 2026E Adj. EBITDA), DCF ($5.13-$7.11/share), and projections showing Adj. EBITDA rising to $86.9M by 2029E. Litigation risks persist. Vote set for January 13.
10-Q
Q3 FY2025 results
Denny's revenue edged up 1.3% y/y to $113.2M in Q3 ended September 24, 2025, driven by 8.9% y/y company restaurant sales growth from Keke's expansion, yet franchise revenue dipped on unit closures and soft same-store sales. Operating income slipped to $10.4M from $11.7M amid higher G&A and depreciation, while net income fell to $0.6M or $0.01/share (52.2M diluted shares) versus $6.5M, pressured by $3.1M other nonoperating expense from expensed debt costs. Cash swelled to $2.2M with $30.3M operating cash flow (FCF not disclosed in the 10-Q); revolver debt held at $259.5M with $124.6M availability and covenant compliance. Acquired six franchise units adding $2.6M goodwill; post-quarter merger announced for $6.25/share cash. Activist stockholders pose execution risks.
8-K
Denny's goes private at $6.25/share
Denny's signed a definitive merger agreement on November 3, 2025, to go private via acquisition by Sparkle Topco (TriArtisan-controlled), Treville, and Yadav Enterprises for $6.25 per share in cash—an all-cash deal with $620M enterprise value. Board unanimously approved after reviewing 40+ buyers; closing eyed for Q1 2026 pending stockholder vote and HSR clearance. Buyer secured $220M equity, $335M debt commitments. Risks include no-shop breaches or failure to close by June 30, 2026.
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