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Denny's WELCOME TO AMERICA'S DINERⓇ DENNY'S CORPORATION REPORTS RESULTS FOR THIRD QUARTER 2021 SPARTANBURG , S.C. , November 2 , 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 third quarter ended September 29 , 2021 and provided a business update on the Company's operations . John Miller , Chief Executive Officer , stated , " Our third quarter domestic system - wide same - store sales ** were impacted due to increasing COVID - 19 case counts during the period , however we are encouraged to see sales returning in October as cases have improved . Additionally , we gained great momentum through the launch of our revamped Dennys.com website and Denny's mobile app , our multicultural recruitment tour and the successful refinancing of our credit facility . Looking ahead , we are excited about initiating the next phase of our technology transformation with the rollout out of a new restaurant technology platform , in addition to beginning our new kitchen modernization initiative that will propel our menu innovation . " Third Quarter 2021 Highlights • • • Total operating revenue increased 44.9 % to $ 103.8 million , primarily due to the COVID - 19 recovery as compared to the prior year quarter . Domestic system - wide same - store sales ** decreased 0.1 % compared to the equivalent fiscal period in 2019 , including a 0.3 % decrease at domestic franchised restaurants and a 1.9 % increase at company restaurants . Domestic system - wide same - store sales ** increased 50.2 % compared to the equivalent fiscal period in 2020 . • Opened seven franchised restaurants , including four international locations . • Operating income was $ 17.7 million compared to $ 3.2 million in the prior year quarter . • Franchise Operating Margin * was $ 29.9 million , or 52.1 % of franchise and license revenue , and Company Restaurant Operating Margin * was $ 7.9 million , or 17.0 % of company restaurant sales . • Net income was $ 12.3 million , or $ 0.19 per diluted share . • • . • Adjusted Net Income * was $ 10.5 million , or $ 0.16 per share . Adjusted EBITDA * was $ 24.4 million compared to $ 8.0 million in the prior year quarter . Cash provided by ( used in ) operating , investing , and financing activities was $ 19.9 million , ( $ 1.9 ) million , and ( $ 18.6 ) million , respectively . Adjusted Free Cash Flow * was $ 14.3 million compared to $ 2.1 million in the prior year quarter . • Provided guidance for full year 2021 . 1