Monday May 5, 2025, 17:51:33
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
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
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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