DENN (Post-Call): Q1 U.S. Same-Store Sales > Our “High on Sell-Side” Forecast

By Ryan D. Lavender Published on May 4, 2021 at 1:18 PM

On Wednesday, June 9th, Kalinowski Equity Research will host a virtual non-deal roadshow (NDR) featuring Denny’s. Anticipated participants from Denny’s include: (1) President Mark Wolfinger, (2) EVP and CFO Robert Verostek, (3) VP – Investor Relations and FP&A Curt Nichols, and (4) Director – Investor Relations and FP&A Kayla Money. Institutional investors interested in participating in this virtual NDR are encouraged to contact Caroline at [email protected] or your sales contact.

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Updating our Q1E Kalinowski Family Dining Same-Store Sales Index

By Ryan D. Lavender Published on April 7, 2021 at 4:23 PM

With this report, we update our data-driven Kalinowski Family Dining Index for Q1E to -7.8%. This 7.8% figure reflects implicit monthly numbers of about -27% for January 2021, -26% for February 2021, and +54% for March (helped by super-easy year-over-year comparisons being lapped from mid-to-late March 2020… we believe family dining sector same-store sales declined by about -45% during March 2020 as a whole, getting worse as that month progressed).

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DENN (Post-Call): U.S. Same-Store Sales -25% for First Two Weeks of February

By Ryan D. Lavender Published on February 16, 2021 at 5:03 PM

After today’s (Tuesday’s) market close, Denny’s reported adjusted Q4 EPS of -$0.05, lower than our +$0.01 projection and sell-side consensus (according to Consensus Metrix) of -$0.04. Relative to our model, we attribute the Q4 EPS shortfall primarily to Payroll and Benefits/Company Restaurant Sales (44.4% actual vs. 41.5% projected).

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