For the quarter ended March 2024, Denny's (DENN - Free Report) reported revenue of $109.97 million, down 6.4% over the same period last year. EPS came in at $0.11, compared to $0.13 in the year-ago quarter.
The reported revenue represents a surprise of -3.89% over the Zacks Consensus Estimate of $114.42 million. With the consensus EPS estimate being $0.14, the EPS surprise was -21.43%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Changes in Same-Restaurant Sales - Company Restaurants: -3% versus the five-analyst average estimate of -1.2%.
- Changes in Same-Restaurant Sales - Domestic Franchise Restaurants: -1.2% versus -0.4% estimated by five analysts on average.
- Total restaurants end of period: 1,614 versus the five-analyst average estimate of 1,631.
- Franchised and licensed restaurants at end of period: 1,539 versus the five-analyst average estimate of 1,557.
- Company operated restaurants at end of period: 75 versus 74 estimated by five analysts on average.
- Changes in Same-Restaurant Sales - Domestic System-wide Restaurants: -1.3% versus -0.5% estimated by four analysts on average.
- Revenue- Franchise and license revenue: $57.63 million compared to the $61.45 million average estimate based on five analysts. The reported number represents a change of -10% year over year.
- Revenue- Company restaurant sales: $52.34 million versus the five-analyst average estimate of $52.99 million. The reported number represents a year-over-year change of -2.1%.
- Revenue- Franchise and license revenue- Advertising revenue: $18.14 million versus the three-analyst average estimate of $19.62 million.
- Revenue- Franchise and license revenue- Initial and other fees: $1.82 million compared to the $3.25 million average estimate based on two analysts.
- Revenue- Franchise and license revenue- Occupancy revenue: $8.37 million versus the two-analyst average estimate of $9 million.
- Revenue- Franchise and license revenue- Royalties: $29.31 million compared to the $29.51 million average estimate based on two analysts.
View all Key Company Metrics for Denny's here>>>Shares of Denny's have returned -8% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended March 2024, Denny's (DENN - Free Report) reported revenue of $109.97 million, down 6.4% over the same period last year. EPS came in at $0.11, compared to $0.13 in the year-ago quarter.
The reported revenue represents a surprise of -3.89% over the Zacks Consensus Estimate of $114.42 million. With the consensus EPS estimate being $0.14, the EPS surprise was -21.43%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Changes in Same-Restaurant Sales - Company Restaurants: -3% versus the five-analyst average estimate of -1.2%.
- Changes in Same-Restaurant Sales - Domestic Franchise Restaurants: -1.2% versus -0.4% estimated by five analysts on average.
- Total restaurants end of period: 1,614 versus the five-analyst average estimate of 1,631.
- Franchised and licensed restaurants at end of period: 1,539 versus the five-analyst average estimate of 1,557.
- Company operated restaurants at end of period: 75 versus 74 estimated by five analysts on average.
- Changes in Same-Restaurant Sales - Domestic System-wide Restaurants: -1.3% versus -0.5% estimated by four analysts on average.
- Revenue- Franchise and license revenue: $57.63 million compared to the $61.45 million average estimate based on five analysts. The reported number represents a change of -10% year over year.
- Revenue- Company restaurant sales: $52.34 million versus the five-analyst average estimate of $52.99 million. The reported number represents a year-over-year change of -2.1%.
- Revenue- Franchise and license revenue- Advertising revenue: $18.14 million versus the three-analyst average estimate of $19.62 million.
- Revenue- Franchise and license revenue- Initial and other fees: $1.82 million compared to the $3.25 million average estimate based on two analysts.
- Revenue- Franchise and license revenue- Occupancy revenue: $8.37 million versus the two-analyst average estimate of $9 million.
- Revenue- Franchise and license revenue- Royalties: $29.31 million compared to the $29.51 million average estimate based on two analysts.
View all Key Company Metrics for Denny's here>>>Shares of Denny's have returned -8% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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