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Dec 27, 2023
Denny's Q4 2023 Earnings Report
Denny's Corporation reported solid fourth-quarter results with domestic system-wide same-restaurant sales increasing and strategic focus on breakfast, value, and convenience.
Key Takeaways
Denny's Corporation reported its Q4 2023 results, with total operating revenue of $115.4 million and net income of $2.9 million, or $0.05 per diluted share. Denny's domestic system-wide same-restaurant sales increased by 1.3%.
Total operating revenue was $115.4 million, compared to $120.8 million in the prior year quarter.
Denny's domestic system-wide same-restaurant sales increased 1.3% compared to the equivalent fiscal period in 2022.
Operating income was $7.7 million compared to $17.6 million in the prior year quarter.
Net income was $2.9 million, or $0.05 per diluted share.
Revenue by Segment
Forward Guidance
The following full year 2024 expectations reflect management's expectations that the current consumer and economic environment will not change materially.
Positive Outlook
- Denny's domestic system-wide same-restaurant sales** between 0% and 3%
- Consolidated restaurant openings of 40 to 50, including 12 to 16 new Keke's restaurants , with a consolidated net decline of 10 to 20.
- Commodity inflation between 0% and 2%.
- Labor inflation between 4% and 5%.
- Total general and administrative expenses between $83 million and $86 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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