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Shares of restaurant company Denny's (DENN -23.81%) crashed on Wednesday after reporting financial results for the fourth quarter of 2024 and providing a business update -- an update that greatly troubled investors. As of 3:15 p.m.
Denny's Corporation (NASDAQ:DENN ) Q4 2024 Earnings Call February 12, 2025 8:30 AM ET Company Participants Kayla Money - Senior Director, Investor Relations Kelli Valade - Chief Executive Officer Robert Verostek - Executive Vice President and Chief Financial Officer Conference Call Participants Nick Setyan - Wedbush Securities Mike Tamas - Oppenheimer & Company Jake Bartlett - Truist Securities Operator Greetings and welcome to the Denny's Corporation Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for Denny's (DENN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Denny's Corporation remains a “don't buy” due to ongoing fundamental issues, including competition, high egg prices, and labor costs impacting earnings. Q4 revenues fell 0.6% year-over-year, missing expectations by $1.3 million, with slight improvements in franchise margins but pressured company-owned store margins. The company has significant debt, with $271.9 million outstanding and high-interest expenses, despite some DENN stock repurchases and CAPEX investments.
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 (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.
SPARTANBURG, S.C., Feb. 12, 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 results for its fourth quarter and full year ended December 25, 2024 and provided a business update on the Company's operations.
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.