Denny's Corporation Reports Sales Results for the Fourth Quarter and Fiscal Year Ended December 27, 2017; Reiterates Earnings Guidance for the Full Year of 2017
For the Fiscal year 2017, domestic system-wide same-store sales grew 1.1%, including 1.1% growth at domestic franchised restaurants and 1.0% growth at company restaurants. On a two-year basis, this represents 1.9% domestic system growth, comprised of 1.9% growth at domestic franchised restaurants and 2.1% growth at company restaurants.
The company reiterates earnings guidance for the full year of 2017. For the full year, the company expects adjusted EBITDA of between $101 million and $103 million and adjusted free cash flow of between $48 million and $50 million.