DENN Adjusting Our Q4E Forecasts

By Mark Kalinowski Published on January 4, 2021 at 12:00 AM

Given greater-than-expected deceleration in same-store sales trends for the U.S. family dining sector during December, we reduce our Q4E Denny’s U.S. same-store sales projection by -400 basis points, to -32.0%. According to Consensus Metrix data, this places us as the low estimate on the sell-side in this regard. As of this writing, sell-side consensus is at -23.9%.

DENN Adjusting Our Q4E Forecasts

By Mark Kalinowski Published on December 3, 2020 at 12:00 AM

Given deceleration in same-store sales trends for the U.S. family dining sector, we reduce our Q4E Denny’s U.S. same-store sales projection by -600 basis points, to -28.0%. According to Consensus Metrix data, this places us as the low estimate on the sell-side in this regard. As of this writing, sell-side consensus is at -22.2%.

PZZA The Papa John’s Train Keeps a-Rollin’

By Mark Kalinowski Published on August 25, 2020 at 12:00 AM

Earlier today, Papa John’s (PZZA; Buy, $98.54) provided what we view as a favorable business update.