Denny’s reports Q4 adjusted EPS 14c, consensus 15c

Reports Q4 revenue $114.7M, consensus $116.04M. Kelli Valade, Chief Executive Officer, stated, “We are proud of our progress through 2024, culminating in strong performances from both Denny’s (DENN) and Keke’s, which outperformed their respective BBI Family Dining indices in the fourth quarter. We have made significant progress in our strategy to enhance the overall health of our flagship brand by accelerating the closure of lower-volume restaurants and completing 23 remodels, and also opened a record number of Keke’s cafes while expanding into six new states. Looking ahead to 2025, there is still work to be done within our brands, particularly as we navigate near-term consumer sentiment that has been affected by macroeconomic factors. With the actions we are taking to maintain our position as a value leader, invest in our brands, reduce costs, and drive traffic, we are well positioned to deliver shareholder value.”