Monday January 4, 2021, 00:00:00
Given greater-than-expected deceleration in same-store sales trends for the U.S. family dining sector during December, we reduce our Q4E Denny’s U.S. same-store sales projection by -400 basis points, to -32.0%. According to Consensus Metrix data, this places us as the low estimate on the sell-side in this regard. As of this writing, sell-side consensus is at -23.9%.
Monday December 14, 2020, 00:00:00
About six months ago, we published a report examining market-share opportunities within the family dining sector. In this report, we update our numbers. One of the important changes is that we now look for 10%-25% of the family dining restaurants in the U.S. that were in operation as of the start of 2020 to be closed permanently by the end of March 2021. (Previously, we were looking for 5%-10% of family dining restaurants to be closed permanently by the end of December 2020.) Keep in mind that we expect these closures to be heavily weighted toward independents/momand-pops and, to a somewhat lesser degree, smaller (privately-held in nearly all cases) restaurant chains.
Thursday December 3, 2020, 00:00:00
With this report, we update our data-driven Kalinowski Family Dining Index for Q4E to -23.2%. This figure is based on our latest proprietary checks/data as regards samestore sales performance for this segment during October and November. Our implied numbers for this October, November, and December are approximately -20%, -23%, and -27%, respectively.
Wednesday September 18, 2024
Wednesday September 11, 2024
Wednesday September 18, 2024
Wednesday September 11, 2024