Tuesday May 3, 2022, 17:55:09
By Mark Kalinowski
After today’s market close, Denny’s reported Q1 adjusted EPS of $0.11, falling short of our $0.12 forecast and sell-side consensus (according to Consensus Metrix) of $0.13. However, first-quarter adjusted EBITDA amounted to $17.7 million, and as such was within the company’s target range of $17-$19 million. Nevertheless, for Q2, Denny’s targets $17-$19 million in adjusted EBITDA, well below our forecast of $24.6 million (which we now move to $18 million) and consensus entering today of $25.4 million. The Q2 target range from the company includes about “$4 million related to share-based compensation expense.”
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Tuesday February 15, 2022, 17:44:13
By Mark Kalinowski
After today’s (Tuesday’s) market close, Denny’s reported adjusted EPS of $0.16, coming in one cent shy of our $0.17 forecast, and a penny light of sell-side consensus (according to Consensus Metrix) of $0.17. Adjusted EBITDA for Q4 amounted to $24.1 million, in the neighborhood of consensus at $24.5 million.
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Monday January 31, 2022, 07:00:00
By Mark Kalinowski
Denny’s (DENN; Neutral, $15.31) plans to report its fourth quarter earnings after the market close on Tuesday, February 15th. The company has already pre-announced Q4 2021 U.S. same-store sales of +49.0% on a one-year basis and +0.7% on a two-year basis. In addition, on January 10th the company reiterated its full-year 2021 adjusted EBITDA target range of $84-$86 million.
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