Denny’s reports Q1 adjusted EPS 8c, consensus 8c

Reports Q1 revenue $111.64M, consensus $110.03M. Denny’s (DENN) domestic system-wide same-restaurant sales were down 3%. Keke’s domestic system-wide same-restaurant sales increased 3.9%. Kelli Valade, CEO, stated, “The beginning of the year has presented significant challenges for consumers, which is evident in our results. Our teams have remained focused on executing against our strategic initiatives and winning with our guests, despite these macro headwinds. This included staying true to our Denny’s flagship, by focusing on compelling value, being strategic in reaching new younger demographics through innovative partnerships and new menu offerings. Keke’s continued to steal share in its home state of Florida while also growing to its seventh state, Georgia. The dedication of our teams and franchisees continue to push our brands forward and we remain committed to navigating these headwinds together.”