NEW YORK (TheStreet) -- Shares of Denny's Corp. (DENN) are higher by 1.10% to $11.03 in after-hours trading on Monday, following the restaurant chain's 2015 first quarter earnings results, which improved year-over-year and exceeded analysts' expectations for the period.
Denny's, which franchises and operates full service restaurant chains, said its adjusted net income was $8.7 million, or 10 cents per share for the most recent quarter. The company's adjusted results improved by 36% and 41.2%, respectively, in the quarter ended March 2015.
The company's total operating revenue grew by 7.4% to $120.2 million, which was the result of an increase in both company restaurant sales along with franchise and licensing sales, Denny's said.
Analysts were expecting Denny's to post earnings of 9 cents per share on revenue of $116.84 million for the 2015 first quarter.
"We are very pleased to start the year with the strongest quarter of same-store sales in more than a decade, including growth in guest traffic. We are benefiting from solid execution of our brand revitalization strategy focused on elevating our food, service and atmosphere, which is resonating with our guests," Denny's CEO John Miller said in the company's earnings release.
"Going forward, we remain committed to driving long-term shareholder value by consistently growing the profitability of our highly franchised business primarily through consistent, sustainable same-store sales and traffic growth," Miller continued.
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For Jim Cramer's thoughts on the company's earnings prior to the release click here.