Tuesday April 30, 2024, 19:25:00
By Mark Kalinowski
After today’s (Tuesday’s) market close, Denny’s reported adjusted Q1 EPS of $0.11. This fell short of our $0.14 forecast and sell-side consensus (according to Consensus Metrix) of $0.14. Denny’s comments that Q1 adjusted EPS was hampered “primarily due to higher worker’s compensation and general liability in the current quarter which weighed on adjusted net income per share by approximately $0.02.”
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Thursday March 28, 2024, 07:00:00
By Mark Kalinowski
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.
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Tuesday February 13, 2024, 18:02:48
By Mark Kalinowski
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.
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