This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Back to 'Normal'

Newly public chain Chuy's (CHUY - Get Report) also reported better-than-expected results, beating estimates on both revenue ($47.9 million versus $43.9 million) and earnings (13 cents versus 12 cents). The Mexican restaurant chain, which went public in July, is up 8% in pre-market trading, and more than 60% since it began trading. CHUY Chart CHUY data by YCharts

Dine Equity (DIN - Get Report), parent of Applebee's and IHOP, also reported a strong quarter, beating the consensus on revenue ($216.3 million versus $202.6 million), and earnings ($1.03 versus 93 cents). The company has adopted a "re-franchising" strategy, similar to Denny's (DENN - Get Report), selling company-owned Applebee's restaurants to franchisees, helping to reduce the company's debt load to about $1.2 billion, from $1.8 billion at the end of 2010. DIN Chart DIN data by YCharts

Denny's,) which has staged a remarkable comeback the past several years, barely beat the consensus on revenue ($120.9 million from $120.6 million), but missed badly on earnings (6 cents from 9 cents). On a positive note, the company reduced total debt by about $9 million, and repurchased one million shares during the quarter.

Denny's also opened 12 new units (franchised), and signed a deal to open 10 in Chile. Sometimes it's hard to believe that this older chain, that was bankrupt not all that long ago, is actually growing. I thought I was seeing things on the way to the airport following a mission trip in the Dominican Republic this past summer, but there it was, a huge billboardfor the new Denny's at the Santo Domingo airport, the first in that country. This company seemingly has nine lives. DENN Long Term Debt Chart DENN Long Term Debt data by YCharts

To those who are surveying the damage today and trying to figure out how to move forward, my thoughts and prayers are with you.

At the time of publication the author had a position in DENN.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Jonathan Heller, CFA, is president of KEJ Financial Advisors, his fee-only financial planning company. Jon spent 17 years at Bloomberg Financial Markets in various roles, from 1989 until 2005. He ran Bloomberg's Equity Fundamental Research Department from 1994 until 1998, when he assumed responsibility for Bloomberg's Equity Data Research Department. In 2001, he joined Bloomberg's Publishing group as senior markets editor and writer for Bloomberg Personal Finance Magazine, and an associate editor and contributor for Bloomberg Markets Magazine. In 2005, he joined SEI Investments as director of investment communications within SEI's Investment Management Unit.

Jon is also the founder of the Cheap Stocks Web site, a site dedicated to deep-value investing. He has an undergraduate degree from Grove City College and an MBA from Rider University, where he has also served on the adjunct faculty; he is also a CFA charter holder.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CHUY $33.16 -0.50%
DENN $9.76 1.35%
DIN $86.05 1.59%
PCL $50.73 0.38%
RRGB $68.81 2.67%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs