DENNY'S Corp (DENN) [Rocket]

In millions, except per share items	Dec-28-22	Dec-29-21	Dec-30-20	Dec-25-19	Dec-26-18	Dec-27-17	Dec-28-16	Dec-30-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Kitchen Modernization Program For Franchise Restaurants	19.1	0.4
Denny’s	447.7	398.2	288.6
Other	8.7
Royalties	113.9	103.4	67.5	108.8	101.6	100.6
Other				432.6	528.6	428.5
Total revenues [+]	456.4	398.2	288.6	541.4	630.2	529.2	1,085.4	491.3
Food & beverage								353.1
Franchise								138.2
Revenue growth [+]	14.6%	38.0%	-46.7%	-14.1%	19.1%	-51.2%	120.9%	4.0%
Kitchen Modernization Program For Franchise Restaurants	4675.0%
Denny’s	12.4%	38.0%
Royalties	10.1%	53.2%	-38.0%	7.1%	0.9%
Advertising revenue	8.5%	30.2%	-33.8%	3.6%
Unit growth	1.0%	-0.6%	-3.1%	-0.4%	-1.5%	0.1%	1.3%	0.5%
Cost of goods sold [+]	228.9	185.5	147.6	323.3	432.7	398.6	461.4	495.4
Cost of product sales								294.4
Food and beverage costs								89.7
Franchise costs								43.3
Occupancy costs	15.2	11.7	11.2	18.6	23.2	20.8
Lease costs							19.6	20.4
Maintenance and operations costs	179.5	146.9	114.6	258.4	348.8	324.7	302.1
Direct labor costs								136.6
Other direct costs	34.3	27.0	21.8	46.3	60.7	53.0	49.2	47.6
Gross profit	227.5	212.6	141.0	218.1	197.5	130.6	624.0	-4.1
Gross margin	49.9%	53.4%	48.8%	40.3%	31.3%	24.7%	57.5%	-0.8%
Selling, general and administrative [+]	67.2	68.7	55.0	69.0	63.8	66.4	68.0	66.6
General and administrative [+]	67.2	68.7	55.0	69.0	63.8	66.4	68.0	66.6
General and administrative expenses	67.2	68.7	55.0	69.0	63.8	66.4	68.0	66.6
Other operating expenses	84.9	24.4	63.1	-35.7	33.0	-30.2	486.9	-155.4
EBITDA [+]	75.5	119.5	22.8	184.8	100.7	94.4	69.2	84.6
EBITDA growth	-36.9%	423.3%	-87.6%	83.6%	6.6%	36.5%	-18.3%	7.3%
EBITDA margin	16.5%	30.0%	7.9%	34.1%	16.0%	17.8%	6.4%	17.2%
Depreciation	12.9	13.3	13.2	16.2	22.9	21.2	20.7	20.0
EBITA	62.6	106.2	9.7	168.6	77.7	73.2	48.5	64.7
EBITA margin	13.7%	26.7%	3.4%	31.1%	12.3%	13.8%	4.5%	13.2%
Amortization of intangibles	2.0	2.1	3.0	3.6	4.1	2.5	1.5	1.5
EBIT [+]	60.6	104.1	6.7	165.0	73.6	70.7	47.0	63.2
EBIT growth	-41.8%	1458.2%	-96.0%	124.1%	4.1%	50.4%	-25.6%	9.5%
EBIT margin	13.3%	26.1%	2.3%	30.5%	11.7%	13.4%	4.3%	12.9%
Interest expense	13.8	15.1	18.0	18.5	20.7	15.6	11.3	8.1
Interest expense	13.8	15.1	18.0	18.5	20.7	15.6	11.3	8.1
Other income (expense), net	52.6	15.2	4.2	2.8	-0.6	1.7	0.2	-1.3
Pre-tax income	99.4	104.1	-7.1	149.2	52.3	56.8	35.9	53.7
Income taxes	24.7	26.0	-2.0	31.8	8.6	17.2	16.5	17.8
Tax rate	24.9%	25.0%	28.1%	21.3%	16.4%	30.3%	45.9%	33.0%
Net income	74.7	78.1	-5.1	117.4	43.7	39.6	19.4	36.0
Net margin	16.4%	19.6%	-1.8%	21.7%	6.9%	7.5%	1.8%	7.3%

Basic EPS [+]	$1.23	$1.20	($0.08)	$1.96	$0.69	$0.58	$0.26	$0.44
Growth	2.6%	-1524.0%	-104.3%	184.0%	18.6%	125.8%	-40.8%	14.9%
Diluted EPS [+]	$1.23	$1.19	($0.08)	$1.90	$0.67	$0.56	$0.25	$0.42
Growth	3.1%	-1515.3%	-104.4%	184.9%	18.5%	123.8%	-40.8%	14.6%

Shares outstanding (basic) [+]	60.8	65.2	60.8	59.9	63.4	68.1	75.3	82.6
Growth	-6.8%	7.2%	1.4%	-5.4%	-6.9%	-9.6%	-8.8%	-4.3%
Shares outstanding (diluted) [+]	60.9	65.6	60.8	61.8	65.6	70.4	77.2	84.7
Growth	-7.2%	7.8%	-1.7%	-5.7%	-6.9%	-8.8%	-8.9%	-4.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.