Monday May 5, 2025, 17:51:33

DENN (Post-Call): Denny’s U.S. Generates “Approximately Flat” April Same-Store Sales

By Mark Kalinowski

After today’s (Monday’s) market close, Denny’s reported first-quarter adjusted EPS of $0.08. While this was below our $0.10 forecast, it did match sell-side consensus (according to Consensus Metrix) of $0.08. By our math, the Q1 adjusted tax rate was 28.3%. We had been projecting a tax rate of 25.0%, and consensus was at 24.9%. By our math, the difference between the 28.3% rate and consensus would not have made a difference in the $0.08 Q1 adjusted EPS.

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Wednesday February 12, 2025, 10:37:24

DENN (Post-Call): Soft Sales to Start Q1, Adjusted EBITDA Target for 2025 Below Consensus

By Mark Kalinowski

Earlier today (Wednesday), Denny’s reported fourth-quarter adjusted EPS of $0.14. This was one cent below our $0.15 forecast and one cent below sell-side consensus (according to Consensus Metrix) of $0.15. We calculate that the adjusted tax rate amounted to 35.7% in Q4 – well above our 25.0% projection and consensus of 24.9%. By our math, Q4 adjusted EPS would have been +2 to +3 cents higher if the adjusted tax rate had matched consensus.

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Tuesday October 22, 2024, 13:14:00

DENN: Introduces its Long-Range Outlook at Today’s Analyst Meeting

By Mark Kalinowski

Earlier today, Denny’s announced its Q3 earnings. The company also hosted an Analyst Meeting in New York City. Slides pertaining to today’s Analyst Meeting are located at:

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