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Dec 25, 2024
Denny's Q4 2024 Earnings Report
Reported strong performances from both Denny's and Keke's, with Keke's openings reaching a record.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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.
Challenges Ahead
- 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,
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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