Denny’s Releases Q3 Earnings
Jan 15, 2024 By MarketDepth
Dennys (DENN:NASD) announces Q3 earnings of $114.2 million which is down 2.8% year-over-year. The earnings missed analysts’ expectations as the company stated this was a weak quarter for the company.
“We were pleased to have generated a 1.8% increase in Denny’s domestic system-wide same-restaurant sales** and 15.5% growth in Adjusted EBITDA* during the third quarter. Despite a persistently challenging operating environment, we remain laser-focused on providing best-in-class breakfast, an unbeatable value proposition, and convenience through off-premises options.”
Kelli Valade, Chief Executive Officer
Dennys stock is up 30% from October which is now at $10.64. The company is trying to navigate the challenging food market and deliver value to their shareholders.
