Monday January 29, 2024, 07:10:00
By Mark Kalinowski
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.
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Monday October 30, 2023, 17:58:34
By Mark Kalinowski
After today’s (Monday’s) market close, Denny’s reported adjusted Q3 EPS of $0.17. This was above our $0.14 forecast and sell-side consensus (according to Consensus Metrix) of $0.15. The Q3 adjusted tax rate was 16.5%. This was more favorable than our 25.0% forecast and consensus at 25.1%. Compared to consensus, the 16.5% adjusted tax rate helped Q3 adjusted EPS by about +2 cents. Third-quarter adjusted EBITDA amounted to $22.2 million, basically in line with our $22.3 million projection, and matching consensus of $22.2 million.
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Tuesday August 1, 2023, 19:21:05
By Mark Kalinowski
After today’s (Tuesday’s) market close, Denny’s reported second-quarter adjusted EPS of $0.14. This was lower than our $0.16 forecast, and also lower than sell-side consensus (according to Consensus Metrix) of $0.17.
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