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Denny's WELCOME TO AMERICA'S DINERⓇ DENNY'S CORPORATION REPORTS RESULTS FOR SECOND QUARTER 2021 SPARTANBURG , S.C. , August 3 , 2021 - Denny's Corporation ( NASDAQ : DENN ) , franchisor and operator of one of America's largest franchised full - service restaurant chains , today reported results for its second quarter ended June 30 , 2021 and provided a business update on the Company's operations . John Miller , Chief Executive Officer , stated , “ We are simply delighted to welcome guests back now that all of our operating domestic dining rooms are open while still providing them with the convenience of our off- premise options . With the easing of restrictions , the rollout of our two new virtual brands , The Burger Den and The Meltdown , along with the perseverance of our entire organization , both June and July domestic system- wide same - store sales ** surpassed 2019 pre - pandemic levels . We are encouraged by the potential for additional sales growth as we overcome staffing challenges and return to 24/7 operations across our system . " Second Quarter 2021 Highlights • • • Total operating revenue increased 164.3 % to $ 106.2 million , primarily due to the COVID - 19 recovery . Domestic system - wide same - store sales ** decreased 1.2 % compared to the equivalent fiscal period in 2019 , including a 1.5 % decrease at domestic franchised restaurants and a 1.9 % increase at company restaurants . Domestic system - wide same - store sales ** increased 117.0 % compared to the equivalent fiscal period in 2020 . • Opened three franchised restaurants , including one international location . • • Operating income ( loss ) was $ 18.3 million compared to ( $ 13.5 ) million in the prior year quarter . Franchise Operating Margin * was $ 29.9 million , or 51.0 % of franchise and license revenue , and Company Restaurant Operating Margin * was $ 9.8 million , or 20.5 % of company restaurant sales . • Net loss was $ 0.8 million , or $ 0.01 per diluted share . • • • • Adjusted Net Income * was $ 11.6 million , or $ 0.18 per share . Adjusted EBITDA * was $ 25.3 million compared to ( $ 5.1 ) million in the prior year quarter . Cash provided by ( used in ) operating , investing , and financing activities was $ 33.1 million , ( $ 1.2 ) million , and ( $ 35.6 ) million , respectively . Adjusted Free Cash Flow * was $ 17.8 million compared to ( $ 11.5 ) million in the prior year quarter . • Provided guidance for the fiscal third quarter 2021 . 1