Denny's Reports Q4 2024 Earnings Miss

Denny's Corporation reported its fourth-quarter earnings for 2024, revealing a non-GAAP profit of $0.14 per share, which fell short of analyst expectations by 8.6%. Revenue remained flat at $114.7 million, also missing estimates, as the company struggles with a declining restaurant count and consumer sentiment influenced by macroeconomic factors. Despite these challenges, CEO Kelli Valade noted positive operational strides, including the closure of underperforming locations and the expansion of Keke's Breakfast Cafe into six new states. Denny's same-store sales saw a modest increase of 1.1% year-on-year, although this growth has slowed compared to previous periods. Looking forward, the company aims to enhance its value proposition while executing strategic investments to bolster shareholder value. Analysts project a cautious revenue growth of 4.6% for the upcoming year, which, while positive, lags behind the broader sector.