BUZZ-Denny's hits near five-year low after downbeat fourth-quarter results
ReutersFeb 12, 2025 3:08 PM
Shares of restaurant chain operator Denny's DENN.O fall as much as 22.3% to a near five-year low of $5.2 in early trade
Company posts Q4 revenue of $114.7 million vs. estimates of $115.7 million, hurt by decline in the number of equivalent units and franchise occupancy revenue
Company also reports Q4 adjusted EPS of 14 cents vs. estimates of 15 cents - data compiled by LSEG
Forecasts Denny's segment domestic system-wide same-restaurant sales to be between a 2% decline and 1% growth, compared to a 0.2% fall in 2024
DENN fell 44.4% in 2024
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