Denny's (DENN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Denny's reported a revenue of $111.76 million for Q3 2024, reflecting a year-over-year decline of 2.1% and an EPS of $0.14, down from $0.17 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $115.88 million by 3.56%, and the EPS was 12.50% below the consensus estimate of $0.16 [1] Financial Performance Metrics - Same-Restaurant Sales - Domestic Franchise Restaurants decreased by 0.1%, compared to an estimated increase of 0.5% [1] - Total restaurants at the end of the period were 1,586, below the estimated 1,601 [1] - Franchised and licensed restaurants at the end of the period were 1,514, compared to the estimated 1,524 [1] - Same-Restaurant Sales - Company Restaurants fell by 0.4%, against an estimated increase of 0.1% [1] - Company operated restaurants at the end of the period totaled 72, below the estimated 77 [1] - Same-Restaurant Sales - Domestic System-wide Restaurants decreased by 0.1%, compared to an estimated increase of 0.5% [1] Revenue Breakdown - Franchise and license revenue was $59.06 million, below the estimated $61.97 million, representing a year-over-year decline of 3.2% [1] - Company restaurant sales revenue was $52.70 million, compared to the estimated $53.92 million, reflecting a year-over-year decline of 0.9% [1] - Advertising revenue within franchise and license revenue was $20.17 million, slightly below the estimated $20.37 million, with a year-over-year increase of 4.5% [1] - Initial and other fees in franchise and license revenue were $1.64 million, significantly below the estimated $3 million, marking a year-over-year decline of 51.6% [1] - Occupancy revenue was $8.15 million, compared to the estimated $8.35 million, representing a year-over-year decline of 5.7% [1] - Royalties in franchise and license revenue were $29.10 million, below the estimated $29.86 million, reflecting a year-over-year decline of 2% [1] Stock Performance - Denny's shares have returned +1.8% over the past month, while the Zacks S&P 500 composite has increased by +2.8% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]