Monday January 3, 2022, 07:00:00

DENN: Updating Our Same-Store Sales and EPS Estimates

By Mark Kalinowski

We believe that family-dining segment same-store sales in the U.S. likely came in worse than the Street expected for Q4 2021. This seems to have been caused in part by consumer concerns about rising U.S. Covid cases (particularly in December), as well as concerns about the Omicron variant (also primarily in December).

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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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