Denny's Corp. said its normalized net income for the fiscal fourth quarter ended Dec. 30, 2015, amounted to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.
EPS declined year over year from 10 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.2 million, a decrease of 9.3% from $9.1 million in the prior-year period.
The normalized profit margin dropped to 6.8% from 7.1% in the year-earlier period.
Total revenue declined year over year to $124.0 million from $128.7 million, and total operating expenses decreased year over year to $108.7 million from $112.1 million.
Reported net income declined 16.1% from the prior-year period to $8.0 million, or 10 cents per share, from $9.6 million, or 11 cents per share.
For the year, the company's normalized net income totaled 42 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 42 cents.
EPS rose 17.5% from 35 cents in the prior year.
Normalized net income was $35.2 million, a rise of 12.7% from $31.3 million in the prior year.
Full-year total revenue increased from the prior-year period to $491.3 million from $472.3 million, and total operating expenses grew year over year to $425.8 million from $413.7 million.
The company said reported net income grew 8.9% year over year to $35.6 million, or 42 cents per share, in the full year, from $32.7 million, or 37 cents per share.