Wednesday November 11, 2020, 00:00:00
By Mark Kalinowski
Yesterday, Kalinowski Equity Research hosted its latest “Ask the Experts” conference call — this time around, featuring Denny’s. The call included multiple participants from Denny’s: (1) President Mark Wolfinger, (2) Senior Vice President and Chief Financial Officer Robert Verostek, (3) Vice President Investor Relations and Financial Planning & Analysis Curt Nichols, and (4) Director Investor Relations and Financial Planning & Analysis Kayla Money. We thank them for their time!
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Tuesday November 10, 2020, 00:00:00
By Mark Kalinowski
Kalinowski Equity Research invites you to participate in our latest “Ask the Experts” conference call, to take place today — Tuesday, November 10th — starting at 11:00 AM Eastern time. The featured speakers from Denny’s will include: (1) President Mark Wolfinger, (2) Senior Vice President and Chief Financial Officer Robert Verostek, (3) Vice President Investor Relations and Financial Planning & Analysis Curt Nichols, and (4) Director Investor Relations and Financial Planning & Analysis Kayla Money.
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Tuesday October 27, 2020, 00:00:00
By Mark Kalinowski
After Tuesday’s market close, Denny’s reported adjusted Q3 EPS of +$0.01, which was ahead of our -$0.03 forecast and sell-side consensus (according to Consensus Metrix) of -$0.03. We attribute the Q3 EPS beat largely to higher-than-anticipated company-owned restaurant margins (1.7% actual — or roughly -3% to -4% excluding an approximate “$1.5 million of favorable reserve adjustments and tax credits related to the CARES Act”) vs. our forecast (-6.5% projected). This more than offset higherthan-anticipated G&A/Revenues (19.1% actual vs. our 17.5% estimate) and D&A/ Revenues (5.7% actual vs. 5.3% estimate).
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