Denny's Beats First-quarter Earnings Expectations, Raises Outlook

Shares of Denny's Corporation rose less than 1% after-hours Monday after the company beat first-quarter earnings expectations and raised its outlook. Denny's reported net income of $8.5 million , or 10 cents a shares, above $6.4 million, or 7 cents a share, in the year-earlier period. It reported adjusted earnings per share of 10 cents, above the FactSet consensus of 9 cents. Sales were $120.2 million, above the FactSet consensus of $116.7 million. Denny's said it had the strongest quarter of same-store sales in more than 10 years with a 7.2% rise in domestic system-wide same-store sales. Denny's issued a 2015 outlook with a 3.5% to 4.5% increase in same-store sales, above its previous guidance of 2.5% to 4.0%.