Denny's (DENN) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.14 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Denny's (DENN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Here is how Denny's (DENN) and Portillo's Inc. (PTLO) have performed compared to their sector so far this year.
There are drivers of upside to the current 2025 same store sales growth expectations for both Denny's Corp DENN and its recently acquired breakfast-and-lunch concept Keke's, according to Wedbush.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Denny's saw a modest 1.1% same-store sales growth in Q4 2024, marking the first increase in five quarters, but challenges remain. Keke's expansion is accelerating, with 12 new locations in FY 2024 and a target of 200 locations, driven by a 25%-30% CAGR. Virtual brand Banda Burrito boosted off-premise sales by 9.5% in Q3 FY 2024, providing relief for underperforming locations.
DENN releases preliminary fourth-quarter and fiscal 2024 results focusing on comps, unit expansion and adjusted EBITDA.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Restaurant chains like Wendy's, Denny's and Applebee's closed locations in 2024 as consumers dined out less often. U.S. restaurant visits fell for the first 10 months of the year, according to Black Box Intelligence.
Denny's Corporation (NASDAQ:DENN ) Investor Day and Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Kelli Valade - CEO & Director Patty Trevino - SVP & Chief Brand Officer Stephen Dunn - EVP & Chief Global Development Officer David Schmidt - President Robert Verostek - EVP & CFO Kayla Money - Senior Director Finance Roland Spongberg - Founder and CEO of WKS Restaurant Group Clyde Rucker - Franchise Owner at Jack in the box and Denny's John Ehrhard - Chief Executive Officer at Captuure, Inc Ashley Swan - Sales and Operations Director Christopher Bode - President & COO Conference Call Participants Todd Brooks - The Benchmark Company Jake Bartlett - Truist Securities Raphael Gross - Partner at ICR Andrew Wolf - CL King & Associates Eric Gonzalez - KeyBanc Capital Markets Michael Tamas - Oppenheimer Nick Setyan - Wedbush Securities Inc. Kelli Valade Good morning. Good morning, everyone.
Family dining restaurants face significant challenges, with rising costs and stagnant sales, necessitating urgent turnaround strategies to remain competitive. Denny's 'C-R-A-V-E Strategy' aims to revamp technology, boost new restaurant growth, improve training, optimize margins, and enhance guest experience to drive traffic. Despite closures and weak Q3 results, Denny's plans significant investments in technology and menu innovation, but meaningful improvements are expected only by late 2025 or early 2026.
Denny's, the U.S. chain known for its diner-style seating and round-the-clock hours is closing a hefty chunk of restaurants. Over the next year, 150 locations will close their doors.