Yahoo Finance Denny's Second Quarter 2024 Earnings: Misses Expectations
Denny's (NASDAQ:DENN) Second Quarter 2024 Results
Key Financial Results
Revenue: US$115.9m (flat on 2Q 2023).
Net income: US$3.57m (down 58% from 2Q 2023).
Profit margin: 3.1% (down from 7.3% in 2Q 2023).
EPS: US$0.068 (down from US$0.15 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Denny's Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 55%.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Denny's has 4 warning signs (and 2 which shouldn't be ignored) we think you should know about.
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