Denny's to close 150 restaurant locations
Denny's Corporation is looking to close 150 of its Denny's restaurants, revealing its plans during an investor day presentation published Tuesday.
Denny's gets burned as business slows, set to shutter 150 underperforming diners
The stores that are closing are all “underperforming restaurants” that are either too old to be remodeled or in areas that have become unprofitable, said Denny's executive vice president Steve Dunn.
Denny's (DENN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Denny's (DENN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Denny's (DENN) Q3 Earnings and Revenues Lag Estimates
Denny's (DENN) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.17 per share a year ago.
Denny's: Value Strategy Tackles The Decline Of Family Dining
Since 2019, the Family Dining segment has suffered the biggest drop in traffic (20.6%) among restaurant segments, surpassing even Casual Dining and QSRs. QSRs are capturing a significant part of breakfast traffic, which has traditionally been a strong point of Family Dining. Denny's continues to close loss-making units and faces difficulties in increasing sales, even with the relaunch of value promotions.
Denny's Corporation (DENN) Q2 2024 Earnings Call Transcript
Denny's Corporation (NASDAQ:DENN ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Kayla Money – Director-FP&A and Investor Relations Kelli Valade – President and Chief Executive Officer Robert Verostek – Executive Vice President and Chief Financial Officer Conference Call Participants Todd Brooks – The Benchmark Company Jake Bartlett – Truist Securities Michael Tamas – Oppenheimer Nick Setyan – Wedbush Securities Ally Arfstrom – Piper Sandler Operator Greetings, and welcome to Denny's Corporation's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Compared to Estimates, Denny's (DENN) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Denny's (DENN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Denny's (DENN) Q2 Earnings and Revenues Miss Estimates
Denny's (DENN) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.14 per share a year ago.
Denny's (DENN) Reports Next Week: Wall Street Expects Earnings Growth
Denny's (DENN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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