Tuesday November 2, 2021, 19:15:08

DENN (Post-Call): October Two-Year Same-Store Sales Sequentially Improved

By Mark Kalinowski

After today’s (Tuesday’s) market close, Denny’s reported adjusted Q3 EPS of $0.16. This was one cent short of our $0.17 forecast, although it matched sell-side consensus (according to Consensus Metrix) of $0.16. Third-quarter adjusted EBITDA reached $24.4 million, above consensus of $23.6 million.

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Tuesday August 3, 2021, 18:06:46

DENN (Post-Call): Two-Year Same-Store Sales Positive in June and in July

By Mark Kalinowski

After today’s (Tuesday’s) market close, Denny’s reported adjusted Q2 EPS of $0.18, coming in ahead of our $0.11 forecast and sell-side consensus (according to Consensus Metrix), which had ticked up to $0.12 in recent days. Second-quarter adjusted EBITDA amounted to $25.3 million, above consensus of $20.6 million.

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Monday June 28, 2021, 16:31:00

DENN: Updating Our Same-Store Sales and EPS Estimates

By Mark Kalinowski

Although family dining segment same-store sales seem to be lagging those of most other U.S. restaurant sectors on a two-year basis, they have still come in somewhat better than we have been anticipating. As such, we raise our full-Q2E same-store sales forecast for Denny’s to +121.0% (from +105.0%). This implies a two-year projection of about -5%. As of this writing, sell-side consensus — according to Consensus Metrix — for the Q2E one-year number is at +115.2%.

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