Denny’s likely will release its Q1 2021 earnings in late April or early-to-mid May (with after the market close on Tuesday, May 4th a distinct possibility). How do DENN shares tend to trade heading into earnings, and the day after an earnings release?
With this report, we update our data-driven Kalinowski Fine Dining Index for Q1E to -12.0%. This figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during January, February, and the first half of March. Our implied numbers for this January, February, and all of March are approximately -35%, -22%, and +35%, respectively. (Please note that equal-weighting these months would result in a number equal to -7.3%, but due to much less relative business in March 2020 as compared to January/February 2020, the March 2021 figure is relatively less weighted when we calculate our Q1 index number.)
The Cheesecake Factory likely will release its Q1 2021 earnings in late April or early May. How do CAKE shares tend to trade heading into earnings, and the day after an earnings release?