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Denny's (DENN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2023, Denny's (DENN - Free Report) reported revenue of $114.18 million, down 2.8% over the same period last year. EPS came in at $0.17, compared to $0.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $116.99 million, representing a surprise of -2.40%. The company delivered an EPS surprise of +13.33%, with the consensus EPS estimate being $0.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Denny's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Company operated restaurants at end of period: 74 compared to the 75 average estimate based on six analysts.
Total restaurants end of period: 1,644 versus the six-analyst average estimate of 1,642.
Franchised and licensed restaurants at end of period: 1,570 compared to the 1,567 average estimate based on six analysts.
Changes in Same-Restaurant Sales - Domestic Franchise Restaurants: 2.1% compared to the 3.1% average estimate based on five analysts.
Changes in Same-Restaurant Sales - Company Restaurants: -1.4% compared to the 2.3% average estimate based on five analysts.
Changes in Same-Restaurant Sales - Domestic System-wide Restaurants: 1.8% compared to the 2.9% average estimate based on five analysts.
Revenue- Franchise and license revenue: $61.03 million versus the six-analyst average estimate of $62.20 million. The reported number represents a year-over-year change of -6.5%.
Revenue- Company restaurant sales: $53.15 million compared to the $54.82 million average estimate based on six analysts. The reported number represents a change of +1.8% year over year.
Revenue- Franchise and license revenue- Advertising revenue: $19.30 million versus $20 million estimated by three analysts on average.
Revenue- Franchise and license revenue- Occupancy revenue: $8.64 million compared to the $9.21 million average estimate based on three analysts.
Revenue- Franchise and license revenue- Initial and other fees: $3.39 million versus $3.25 million estimated by two analysts on average.
Revenue- Franchise and license revenue- Royalties: $29.70 million compared to the $30.11 million average estimate based on two analysts.
Shares of Denny's have returned +0.6% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Denny's (DENN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Denny's (DENN - Free Report) reported revenue of $114.18 million, down 2.8% over the same period last year. EPS came in at $0.17, compared to $0.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $116.99 million, representing a surprise of -2.40%. The company delivered an EPS surprise of +13.33%, with the consensus EPS estimate being $0.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Denny's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Company operated restaurants at end of period: 74 compared to the 75 average estimate based on six analysts.
- Total restaurants end of period: 1,644 versus the six-analyst average estimate of 1,642.
- Franchised and licensed restaurants at end of period: 1,570 compared to the 1,567 average estimate based on six analysts.
- Changes in Same-Restaurant Sales - Domestic Franchise Restaurants: 2.1% compared to the 3.1% average estimate based on five analysts.
- Changes in Same-Restaurant Sales - Company Restaurants: -1.4% compared to the 2.3% average estimate based on five analysts.
- Changes in Same-Restaurant Sales - Domestic System-wide Restaurants: 1.8% compared to the 2.9% average estimate based on five analysts.
- Revenue- Franchise and license revenue: $61.03 million versus the six-analyst average estimate of $62.20 million. The reported number represents a year-over-year change of -6.5%.
- Revenue- Company restaurant sales: $53.15 million compared to the $54.82 million average estimate based on six analysts. The reported number represents a change of +1.8% year over year.
- Revenue- Franchise and license revenue- Advertising revenue: $19.30 million versus $20 million estimated by three analysts on average.
- Revenue- Franchise and license revenue- Occupancy revenue: $8.64 million compared to the $9.21 million average estimate based on three analysts.
- Revenue- Franchise and license revenue- Initial and other fees: $3.39 million versus $3.25 million estimated by two analysts on average.
- Revenue- Franchise and license revenue- Royalties: $29.70 million compared to the $30.11 million average estimate based on two analysts.
View all Key Company Metrics for Denny's here>>>Shares of Denny's have returned +0.6% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.