Denny's (DENN) Q2 Earnings and Revenues Miss Estimates

Company Performance - Denny's reported quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.17 per share, and compared to earnings of $0.14 per share a year ago [7] - The company posted revenues of $115.93 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.51%, and down from $116.92 million year-over-year [2] - Denny's has not been able to beat consensus revenue estimates over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $117.31 million, and $0.61 on revenues of $468.04 million for the current fiscal year [4] - Over the last four quarters, Denny's has surpassed consensus EPS estimates just once [8] - The estimate revisions trend for Denny's is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [10] Industry Context - The Retail - Restaurants industry, to which Denny's belongs, is currently in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [11] - Another industry player, Brinker International, is expected to report quarterly earnings of $1.65 per share, reflecting a year-over-year change of +18.7% [12] - Brinker International's revenues are projected to be $1.16 billion, up 7.4% from the year-ago quarter [6]