Tuesday July 30, 2024, 18:56:50

DENN (Post-Call): Plans to Relaunch its $2-$4-$6-$8 Value Menu with New $10 Options

By Mark Kalinowski

After today’s (Tuesday’s) market close, Denny’s reported adjusted Q2 EPS of $0.13, falling short of our $0.16 forecast and sell-side consensus (according to Consensus Metrix) of $0.17. Second-quarter adjusted EBITDA amounted to $20.3 million. This was below our $23.6 million projection and consensus of $23.4 million.

Read more

Tuesday July 2, 2024, 07:00:00

DENN: Adjusting Our Estimates (7/2/2024)

By Mark Kalinowski

This morning, we published an industry report entitled “Updating our Q2 Kalinowski Family Dining Same-Store Sales Index.” We encourage you to read that report in conjunction with this Denny’s note.

Read more

Tuesday April 30, 2024, 19:25:00

DENN (Post-Call): First Quarter Results Suggest 2024 Won’t be Over Easy

By Mark Kalinowski

After today’s (Tuesday’s) market close, Denny’s reported adjusted Q1 EPS of $0.11. This fell short of our $0.14 forecast and sell-side consensus (according to Consensus Metrix) of $0.14. Denny’s comments that Q1 adjusted EPS was hampered “primarily due to higher worker’s compensation and general liability in the current quarter which weighed on adjusted net income per share by approximately $0.02.”

Read more