NASDAQ$DENN

Denny's Corp. · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported strong performances from both Denny's and Keke's, with Keke's openings reaching a record.

Denny's Corporation reported fourth-quarter results with total operating revenue of $114.7 million. Denny's domestic system-wide same-restaurant sales increased by 1.1%, while Keke's saw an increase of 3.0%. The company's operating income was $14.5 million, and net income amounted to $6.8 million, or $0.13 per diluted share.

  • Total operating revenue was $114.7 million compared to $115.4 million for the prior year quarter.
  • Denny's domestic system-wide same-restaurant sales were 1.1%.
  • Keke's domestic system-wide same-restaurant sales were 3.0%.
  • Operating income was $14.5 million compared to $7.7 million for the prior year quarter.

Headline financials

Total Revenue

$115M

Previous: $115M-0.6%
EPS (adj)

$0.14

Previous: $0.14+0.0%
Adjusted EBITDA

$22.2M

Previous: $18.6M+19.4%
Capital Expenditures

-$10.9M

No prior period
Net Income

$6.8M

Previous: $2.9M+134.5%
Operating Income

$14.5M

Previous: $7.72M+87.7%
Gross Profit

$33.1M

Previous: $33.4M-0.9%

Revenue & EPS history

Denny's · Revenue · Quarterly

$115M

Q4 2024-0.6%vs Q4 2023
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Denny's · $114M total across 2 segments · Q3 2023

  • Franchise and License Revenue
    $61M-6.5%
  • Company Restaurant Sales
    $53.2M+1.8%

Forward guidance

The following full year 2025 expectations reflect performance through the first six fiscal weeks and the expectation that recent shifts in consumer sentiment due to macro events will moderate over time.

Tailwinds

  • Denny's domestic system-wide same-restaurant sales between (2.0%) and 1.0%.
  • Consolidated restaurant openings of 25 to 40.
  • Commodity inflation between 2.0% and 4.0%.
  • Labor inflation between 2.5% and 3.5%.
  • Share repurchases between $15 million and $25 million.

Headwinds

  • Consolidated restaurant closures between 70 and 90.
  • Total general and administrative expenses between $80 million and $85 million, inclusive of: ◦Corporate and administrative expenses between $60 million and $62 million, including approximately $1 million related to the 53rd week;
  • Incentive compensation between $6 million and $9 million; and,
  • Approximately $14 million related to share-based compensation expense which does not impact Adjusted EBITDA*.
  • Adjusted EBITDA* between $80 million and $85 million, inclusive of approximately $2 million related to the 53rd week.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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