Denny's Q1 2024 Adj EPS $0.11 Misses $0.14 Estimate, Sales $110.00M Miss $115.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Denny's reported Q1 2024 adjusted EPS of $0.11, missing the $0.14 estimate, with sales of $110.00M also missing the $115.16M estimate, marking a 6.36% decrease from the previous year.
April 30, 2024 | 8:08 pm
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NEGATIVE IMPACT
Denny's Q1 2024 earnings and sales missed estimates, with a significant year-over-year sales decrease.
Missing both earnings and sales estimates, especially with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100