The earnings call reflects a mixed sentiment. While Denny's demonstrated strong performance against the industry index, launched new initiatives like Banda Burrito, and showed growth in key markets, it also faced challenges with declining same-restaurant sales and revenue. The overall outlook remains cautiously optimistic with strategic initiatives expected to drive future growth.

Company Guidance

During Denny's Q2 2024 earnings call, guidance was provided emphasizing several key metrics and strategic initiatives aimed at driving future growth. Denny's domestic system-wide same-restaurant sales saw a slight decline of 0.6%, attributed to choppy Easter and spring break effects and a tough prior year comparison. Despite this, Denny's outperformed the BBI Family Dining Sales Index for the second consecutive quarter. The company announced a nationwide rollout of their third virtual brand, Banda Burrito, after initial success in over 300 restaurants, contributing to a projected positive impact on incremental sales volumes and margins similar to their other virtual brands. Denny's also plans to relaunch the 2468 menu with an added $10 category to drive incremental traffic and protect profitability. Financially, total operating revenue was reported at $115.9 million, with an adjusted EBITDA guidance range between $83 million and $87 million for the year. The company is also projecting 2024 commodity inflation between 0% and 2%, and labor inflation between 3% and 4%. Franchise and license revenue was $61.6 million, and despite a challenging industry environment, Denny's continues to invest in technology and strategic initiatives to enhance operational efficiency and market competitiveness.

Outperformance Against BBI Family Dining Sales Index

Denny's outperformed the BBI Family Dining Sales Index for the second consecutive quarter, indicating strong market performance despite a competitive environment.

Launch of Banda Burrito Virtual Brand

Expansion of the Banda Burrito virtual brand to over 300 restaurants, with a nationwide rollout expected to be completed by the fall, anticipated to deliver incremental sales volumes similar to other successful virtual brands.

Successful All-Day Diner Deals Promotion

The all-day Diner deals menu, including the Super Slam, expanded Denny's share of wallet, becoming among the top full-service performers.

Positive Trends in Key States

Denny's continued to outperform or gain market share in key states such as California, Texas, Florida, and Arizona.

Keke's Growth and Expansion

Keke's brand reduced the sales gap by over 400 basis points in Florida and opened new cafes in Tennessee, with the new locations showing promising sales volumes.

Cloud-Based POS System Rollout

Completed rollout of a new cloud-based POS system in all company restaurants, expected to provide future labor savings and operational efficiencies.

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Denny's (DENN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DENN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 18, 2025	2024 (Q4)	0.15 / -	0.14	―	―	―
Oct 22, 2024	2024 (Q3)	0.15 / 0.14	0.17	-17.65% (-0.03)
Jul 30, 2024	2024 (Q2)	0.17 / 0.13	0.14	-7.14% (-0.01)
Apr 30, 2024	2024 (Q1)	0.14 / 0.11	0.13	-15.38% (-0.02)
Feb 13, 2024	2023 (Q4)	0.17 / 0.14	0.18	-22.22% (-0.04)	―
Oct 30, 2023	2023 (Q3)	0.15 / 0.17	0.12	41.67% (+0.05)
Aug 01, 2023	2023 (Q2)	0.16 / 0.14	0.11	27.27% (+0.03)
May 02, 2023	2023 (Q1)	0.14 / 0.13	0.11	18.18% (+0.02)
Feb 13, 2023	2022 (Q4)	0.16 / 0.18	0.16	12.50% (+0.02)
Nov 01, 2022	2022 (Q3)	0.14 / 0.12	0.16	-25.00% (-0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DENN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 22, 2024	$6.64	$5.47	-17.62%
Jul 30, 2024	$7.65	$7.36	-3.79%
Apr 30, 2024	$8.02	$8.04	+0.25%
Feb 13, 2024	$9.91	$9.30	-6.16%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Denny's Corp. (DENN) report earnings?

Denny's Corp. (DENN) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.

What is Denny's Corp. (DENN) earnings time?

Denny's Corp. (DENN) earnings time is at Feb 18, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DENN EPS forecast?

DENN EPS forecast for the fiscal quarter 2024 (Q4) is $0.15.

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