Thursday March 28, 2024, 07:00:00
This morning, we published an industry report entitled “Updating our Q1 Kalinowski Family Dining Same-Store Sales Index.” We encourage you to read that report in conjunction with this Denny’s note.
Tuesday February 13, 2024, 18:02:48
After today’s (Tuesday’s) market close, Denny’s reported Q4 2023 adjusted EPS of $0.14, falling short of our $0.17 estimate and sell-side consensus (according to Consensus Metrix) of $0.17. Legal costs as well as a higher-than-expected tax rate weighed on Q4 EPS. Fourth-quarter adjusted EBITDA reached $18.6 million, as compared to our $23.6 million projection and consensus of $23.2 million.
Monday January 29, 2024, 07:10:00
We believe that January has proven a tough month as regards same-store sales for a wide swath of the restaurant industry, including the family dining segment. Based on our conversations with industry contacts, bad weather – lapping a mild winter from one year ago – clearly seems to be the #1 reason behind the challenged January sales trends. As of today, it’s possible that February could prove to be similarly challenged.
Wednesday September 4, 2024
Thursday August 29, 2024
Tuesday August 27, 2024
Wednesday September 4, 2024
Thursday August 29, 2024
Tuesday August 27, 2024