Denny's: Better Than Expected Preliminary Result, But FY 2024 Was A Dog Year
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Denny's reported a modest 1.1% same-store sales growth in Q4 2024, marking the first increase in five quarters. Keke's expansion is accelerating with 12 new locations in FY 2024 and a target of 200 locations. Virtual brand Banda Burrito boosted off-premise sales by 9.5% in Q3 FY 2024.
January 16, 2025 | 5:00 am
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Denny's reported a 1.1% same-store sales growth in Q4 2024, the first increase in five quarters. Keke's expansion and Banda Burrito's off-premise sales boost are positive signs.
The 1.1% same-store sales growth indicates a positive shift after five quarters of decline. Keke's expansion and Banda Burrito's off-premise sales growth suggest strategic initiatives are gaining traction, potentially boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100