NASDAQ$DENN
Denny's Corp. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a decrease in total operating revenue but an increase in Denny's domestic system-wide same-restaurant sales and Adjusted EBITDA.
Denny's Corporation reported its Q3 2023 results, with a decrease in total operating revenue to $114.2 million compared to $117.5 million in the prior year quarter. However, Denny's domestic system-wide same-restaurant sales increased by 1.8%, and Adjusted EBITDA grew by 15.5%. The company secured development agreements for 100 Keke's Cafés.
- Total operating revenue was $114.2 million, down from $117.5 million in the prior year quarter.
- Denny's domestic system-wide same-restaurant sales increased by 1.8%.
- Operating income was $14.0 million, compared to $15.8 million in the prior year quarter.
- Net income was $7.9 million, or $0.14 per diluted share.
Headline financials
Revenue & EPS history
Denny's · Revenue · Quarterly
$114M
Revenue by segment
Denny's · $114M total across 2 segments · Q3 2023
- Franchise and License Revenue$61M-6.5%53.4%
- Company Restaurant Sales$53.2M+1.8%46.6%
Forward guidance
The Company updated its full year 2023 guidance reflecting management's expectations that the current consumer and economic environment will not change materially.
Tailwinds
- Denny's domestic system-wide same-restaurant sales between 2.75% and 3.50%.
- Consolidated restaurant openings of 35 to 45, including 4 to 6 new Keke's restaurants.
- Commodity inflation between 1% and 2%.
- Labor inflation of approximately 4%.
- Consolidated total general and administrative expenses between $75 million and $77 million, including approximately $11 million related to share-based compensation expense which does not impact Consolidated Adjusted EBITDA.
Headwinds
- Consolidated net decline of 10 to 20
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q3 2023
-0.0%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-2.4%
Avg return
30 days after
41%
26 / 64 earnings
Positive
+50.1%
Q3 2025
Best reaction
-23.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | — | — | — | |
| Q3 2025 | +50.1% | +48.7% | +50.1% | |
| Q2 2025 | -3.3% | -0.5% | +31.8% | |
| Q1 2025 | +3.2% | +17.9% | +2.6% | |
| Q4 2024 | -23.8% | -27.5% | -41.5% | |
| Q3 2024 | -17.2% | -5.9% | -3.8% | |
| Q2 2024 | -1.6% | -12.2% | -11.9% | |
| Q1 2024 | -2.1% | -1.3% | -15.2% | |
| Q4 2023 | -10.1% | -9.9% | -13.7% | |
| Q3 2023 | +1.2% | +7.5% | +11.7% | |
| Q2 2023 | -11.2% | -12.9% | -19.1% | |
| Q1 2023 | -5.4% | -4.1% | +1.6% | |
| Q4 2022 | +1.3% | +3.6% | -11.0% | |
| Q3 2022 | +2.6% | +4.1% | +10.6% | |
| Q2 2022 | +8.1% | +0.4% | +2.1% | |
| Q1 2022 | -14.8% | -18.9% | -20.4% | |
| Q4 2021 | -2.6% | -3.4% | -11.9% | |
| Q3 2021 | -2.2% | — | — | |
| Q2 2021 | +5.8% | — | — | |
| Q1 2021 | -4.3% | — | — | |
| Q4 2020 | -0.9% | — | — | |
| Q3 2020 | -13.6% | — | — | |
| Q2 2020 | +4.9% | — | — | |
| Q1 2020 | +4.6% | — | — | |
| Q4 2019 | -3.4% | — | — | |
| Q3 2019 | -3.2% | — | — | |
| Q2 2019 | +3.8% | — | — | |
| Q1 2019 | +1.5% | — | — | |
| Q4 2018 | -3.6% | — | — | |
| Q3 2018 | +20.6% | — | — | |
| Q2 2018 | -7.1% | — | — | |
| Q1 2018 | -14.4% | — | — | |
| Q4 2017 | +3.7% | — | — | |
| Q3 2017 | +1.8% | — | — | |
| Q2 2017 | +8.4% | — | — | |
| Q1 2017 | -6.5% | — | — | |
| Q4 2016 | +12.0% | — | — | |
| Q3 2016 | +6.1% | — | — | |
| Q2 2016 | -2.0% | — | — | |
| Q1 2016 | +6.1% | — | — | |
| Q4 2015 | +5.1% | — | — | |
| Q3 2015 | -6.3% | — | — | |
| Q2 2015 | +8.0% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | +5.6% | — | — | |
| Q3 2014 | +10.8% | — | — | |
| Q2 2014 | +9.9% | — | — | |
| Q1 2014 | +5.4% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q3 2013 | -1.9% | — | — | |
| Q2 2013 | -3.6% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | -1.8% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | -4.2% | — | — | |
| Q1 2011 | -4.1% | — | — | |
| Q1 2012 | +3.4% | — | — | |
| Q4 2009 | -1.4% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2010 | -3.8% | — | — | |
| Q3 2011 | -3.8% | — | — | |
| Q4 2010 | -7.8% | — | — | |
| Q2 2011 | -7.8% | — | — | |
| Q2 2010 | -3.0% | — | — | |
| Q1 2010 | +11.1% | — | — |
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