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Denny's Releases Q4 & FY24 Preliminary Results: Here's What to Know
ZACKS· 2025-01-14 15:06
Financial Performance - Domestic system-wide same-restaurant sales for Keke's brand expected to be 3% compared to a 3.1% decline in the year-ago quarter [1] - Domestic franchise same-restaurant sales for Keke's brand expected to increase 4.1% year-over-year compared to a 3.8% decline [1] - Company's same-restaurant sales expected to decline 3.7% compared to 0.7% growth in the year-ago quarter [1] - Average unit sales value at company and franchised restaurants expected to be $404 million and $447 million, respectively, compared to $442 million and $432 million a year ago [1] - Adjusted EBITDA expected to be at the low end of guidance between $81 million and $84 million [2] - Domestic system-wide same-restaurant sales for Denny's brand expected to decline 0.2% compared to 3.6% growth in fiscal 2023 [8] - Domestic franchise same-restaurant sales for Denny's brand expected to decline 0.1% compared to 3.6% growth a year ago [8] - Company's same-restaurant sales for Denny's brand expected to decline 1.5% compared to 2.7% growth a year ago [8] - Average unit sales value at company and franchised restaurants for Denny's brand expected to be $3.09 billion and $1.88 billion, respectively, up from $3.07 billion and $1.84 billion a year ago [8] Unit Expansion and Remodeling - Total openings under Denny's and Keke's brands expected to be 14 and 12, respectively, by the end of fiscal 2024 [3] - Denny's expects to close 88 restaurants and complete 23 remodels under its Denny's Diner 2.0 remodel program, including seven company restaurants [3] - Keke's brand likely to expand into six new states during fiscal 2024 [3] - Denny's expects to open four franchised restaurants and close 30 during the fiscal fourth quarter [9] - Denny's Diner 2.0 remodel program expected to complete six remodeling projects during the quarter [9] - Keke's expected to open three company restaurants and five franchised restaurants, debuting in four states including California, Colorado, Nevada, and Texas [16] - Keke's expected to expand its first-ever remodel test program to two additional cafes [16] - Consolidated restaurant openings expected to be between 30 and 40, including 12-16 new Keke's restaurants, with a consolidated net decline of 45-55 [10] Stock Performance and Analyst Sentiment - DENN stock inched up 0.2% during trading hours but lost 2.1% in after-hours trading on Monday [6] - Shares of DENN have lost 13.2% in the past three months compared to the Zacks Retail - Restaurants industry's 5.6% decline [17] - Zacks Consensus Estimate for DENN's fiscal 2025 EPS has remained unchanged at 58 cents over the past 60 days, indicating 11.5% growth from the year-ago quarter [18] - DENN's growth prospects are supported by a VGM Score of B, backed by a Value Score of A [18] Other Key Picks - The Gap, Inc. (GAP) currently sports a Zacks Rank 1 (Strong Buy) with a trailing four-quarter earnings surprise of 101.2% on average [11][12] - Amazon.com, Inc. (AMZN) presently sports a Zacks Rank of 1 with a trailing four-quarter earnings surprise of 25.9% on average [12] - Deckers Outdoor Corporation (DECK) currently sports a Zacks Rank of 1 with a trailing four-quarter earnings surprise of 41.1% on average [13]
Denny’s Corporation Releases Preliminary Financial Results for Fourth Quarter and Fiscal Year 2024
GlobeNewswire· 2025-01-13 12:00
Company to Host Fireside Chat at the 27th Annual ICR Conference on January 14 at 10:30 A.M. Eastern TimeSPARTANBURG, S.C., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Denny’s Corporation (the "Company") (NASDAQ: DENN), owner and operator of Denny's Inc. ("Denny's") and Keke's Inc. ("Keke's") today reported selected preliminary and unaudited results for its fourth quarter and fiscal year ended December 25, 2024. Kelli Valade, Chief Executive Officer, stated, "We continued our positive momentum through the fourth quart ...
DENNY'S RESTAURANTS ARE OFFERING A FREE ORIGINAL GRAND SLAM® AND COFFEE FOR ALL FIRST RESPONDERS IN UNIFORM THAT DINE-IN AT 164 LOCATIONS IN THE GREATER LA, ORANGE COUNTY & INLAND EMPIRE AREAS
Newsfilter· 2025-01-10 23:23
Spartanburg, SC, Jan. 10, 2025 (GLOBE NEWSWIRE) -- ***MEDIA ADVISORY*** America's Diner is offering support – a free Original Grand Slam and hot coffee for all dine-in only first responders in uniform. This includes firefighters, police officers, EMT, National Guard and anyone working on the frontlines in the Southern California fires, diligently serving to protect and save the local community.   One hundred and sixty-four local Denny's will honor this free meal, through Sunday, January 19, as long as the r ...
DENNY’S RESTAURANTS ARE OFFERING A FREE ORIGINAL GRAND SLAM® AND COFFEE FOR ALL FIRST RESPONDERS IN UNIFORM THAT DINE-IN AT 164 LOCATIONS IN THE GREATER LA, ORANGE COUNTY & INLAND EMPIRE AREAS
GlobeNewswire· 2025-01-10 23:23
Available from Saturday, January 11 through Sunday, January 19Spartanburg, SC, Jan. 10, 2025 (GLOBE NEWSWIRE) -- ***MEDIA ADVISORY*** America’s Diner is offering support – a free Original Grand Slam and hot coffee for all dine-in only first responders in uniform. This includes firefighters, police officers, EMT, National Guard and anyone working on the frontlines in the Southern California fires, diligently serving to protect and save the local community. One hundred and sixty-four local Denny’s will honor ...
Is Denny's (DENN) Stock Undervalued Right Now?
ZACKS· 2025-01-09 15:46
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.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current ...
Denny’s Corporation to Participate in the 27th Annual ICR Conference
GlobeNewswire· 2025-01-06 13:00
SPARTANBURG, S.C., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Denny’s Corporation (the "Company") (NASDAQ: DENN), owner and operator of Denny's Inc. ("Denny's") and Keke's Inc. ("Keke's"), today announced that the Company will participate in the 27th Annual ICR Conference in Orlando, FL. The Company will hold investor meetings during the conference and Kelli Valade, Chief Executive Officer, will participate in a fireside chat on Tuesday, January 14, 2025 at 10:30 a.m. Eastern Time. Investors and interested parties m ...
Hungover No More: Denny's Gifts Bacon-Based Menu Hacks for the Ultimate Holiday Party Cure
GlobeNewswire· 2024-12-19 19:44
Guests can try the three new menu hacks ahead of National Bacon Day on December 30 Denny's NEW Applewood Smoked Bacon Denny's Hangover Menu Hacks for National Bacon Day Spartanburg, SC, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The holiday season is filled with festive cheer, parties, and outings – but sometimes the celebrations last a little too long. For those mornings when you’re recovering from a night of fun, a hearty breakfast can help you bounce back. To help guests beat the holiday hangover, Denny’s has ...
Hungover No More: Denny's Gifts Bacon-Based Menu Hacks for the Ultimate Holiday Party Cure
Newsfilter· 2024-12-19 19:44
Spartanburg, SC, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The holiday season is filled with festive cheer, parties, and outings – but sometimes the celebrations last a little too long. For those mornings when you're recovering from a night of fun, a hearty breakfast can help you bounce back. To help guests beat the holiday hangover, Denny's has leaked three delicious menu hacks or suggestions featuring NEW Applewood Smoked Bacon. According to the University of Newcastle, a bacon-packed breakfast can ease symptoms ...
Denny's Decks the Halls (and Feeds Family & Friends) With the Return of Festive Christmas Take-Home Holiday Turkey Bundle
Newsfilter· 2024-12-16 15:00
Spartanburg, SC, Dec. 16, 2024 (GLOBE NEWSWIRE) -- The merriest season is upon us, and Denny's is ready to help busy families celebrate with their signature take-home Holiday Turkey Bundle, starting at $54.99*. Available now for a limited time, the Holiday Turkey Bundle includes everything needed for a delicious meal full of classic flavors and comforting favorites at one of the best values of the season.   Today through Monday, December 23, at 6 p.m. EST, guests can pre-order the take-home Holiday Turkey B ...
Denny’s Decks the Halls (and Feeds Family & Friends) With the Return of Festive Christmas Take-Home Holiday Turkey Bundle
GlobeNewswire· 2024-12-16 15:00
Pre-orders begin December 16 for the delicious dinner for four Denny's Take-Home Holiday Bundle Order Denny's Take-Home Holiday Turkey Bundle starting December 16 Spartanburg, SC, Dec. 16, 2024 (GLOBE NEWSWIRE) -- The merriest season is upon us, and Denny’s is ready to help busy families celebrate with their signature take-home Holiday Turkey Bundle, starting at $54.99*. Available now for a limited time, the Holiday Turkey Bundle includes everything needed for a delicious meal full of classic flavors and ...