DENN: Denny’s Virtual NDR Updates Investors on Virtual Brands, 24/7 Operation

By Ryan D. Lavender Published on June 10, 2021 at 8:46 PM

Yesterday, Kalinowski Equity Research hosted Denny’s for a virtual non-deal roadshow (NDR). We thank our buyside participants, as well as the participants from Denny’s: (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. This report details some of the highlights from the virtual NDR. We maintain our Neutral rating on Denny’s (DENN; Neutral, $17.75) and note the following:

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DENN: Tomorrow! Virtual NDR Featuring Denny’s on Wednesday, June 9th

By Ryan D. Lavender Published on June 8, 2021 at 8:52 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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YUM: Updating Our Same-Store Sales and EPS Estimates

By Ryan D. Lavender Published on April 8, 2021 at 4:50 PM

With this report, we boost our Q1E same-store sales forecasts as follows: (1) for Taco Bell, up by +1 percentage point to +7% (according to Consensus Metrix, sell-side consensus is at +5.7%, although be aware that Yum Brands does not report its samestore sales out past the decimal point), and (2) for KFC U.S., up by +1 percentage point to +13% (consensus is at +11.6%).

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