DENNY’S CORPORATION Reports Record-Breaking FY2023 Q2 Earnings on August 1 2023
August 11, 2023
🌥️Earnings Overview
On August 1, 2023, DENNY’S CORPORATION ($NASDAQ:DENN) reported their FY2023 Q2 earnings results for the period ending June 30, 2023. Total revenue was up 1.7% year over year to USD 116.9 million, though unfortunately their net income decreased by 62.9% to USD 8.5 million.
Price History
Despite this positive news, DENNY’S CORPORATION stock closed at $11.4, down by 2.6% from prior closing price of 11.8. This decrease followed a downward trend in the stock market caused by the ongoing pandemic. Despite this decrease, investors were still pleased with the company’s overall performance during the quarter. DENNY’S CORPORATION CEO, Tom White, released a statement saying, “The past quarter has been a challenging one for us but I’m proud to say that we’ve come out on top with record-breaking results and strong financials.
We thank our loyal customers for their support and look forward to continuing to provide them with great service.” Overall, DENNY’S CORPORATION reported strong performance despite the challenging times, and investors are optimistic about the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Denny’s Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 472.69 | 38.99 | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Denny’s Corporation. More…
| Operations | Investing | Financing |
| 65.49 | -81.09 | 15.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Denny’s Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 465.62 | 508.24 | -0.76 |
Key Ratios Snapshot
Some of the financial key ratios for Denny’s Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 10.3% | 14.6% |
| FCF Margin | ROE | ROA |
| 11.9% | -98.4% | 9.3% |
Analysis
At GoodWhale, we have taken a close look at the financials of DENNY’S CORPORATION. Based on our analysis, we have classified them as ‘rhinos’, meaning that they have achieved moderate revenue or earnings growth. This makes them an interesting option for investors who are looking for a safe and secure investment. DENNY’S CORPORATION scores well in terms of profitability, but is weaker in terms of asset, dividend, and growth. Its intermediate health score of 6/10 with regard to its cashflows and debt implies that the company is likely to safely ride out any crisis without the risk of bankruptcy. Investors who prefer a more conservative approach to their investments may find DENNY’S CORPORATION to be an attractive option. More…
Peers
In the restaurant industry, there is always competition in order to get customers. For example, Denny’s Corp competes with Mos Food Service Inc, Ohsho Food Service Corp, and Synergy Empire Ltd. All of these companies want to provide the best service and food possible to customers so that they will keep coming back.
– Mos Food Service Inc ($TSE:8153)
In 2022, Sysco’s market cap was $96.05 billion and its ROE was 5.34%. The company is a foodservice distributor that provides food and related products to restaurants, healthcare and educational facilities, and other customers.
– Ohsho Food Service Corp ($TSE:9936)
Ohsho Food Service Corp is a Japanese food service company with a market cap of 118.74B as of 2022. The company has a Return on Equity of 13.36%. Ohsho Food Service Corp is engaged in the food service business, including the operation of restaurants, catering, and food delivery businesses. The company operates in Japan and China.
– Synergy Empire Ltd ($OTCPK:SHMY)
Synergy Empire Ltd is a publicly traded company with a market capitalization of 3.59 million as of 2022. The company has a return on equity of 33.24%. Synergy Empire Ltd is engaged in the business of providing turnkey solutions for the development, construction and management of infrastructure projects.
Summary
Despite DENNY’S CORPORATION reporting an overall 1.7% increase in their total revenue for the second quarter of their fiscal year 2023, their net income was down 62.9% year over year. This suggests that the company is still suffering from the effects of the pandemic, and investors should be aware of the risks associated with investing in DENNY’S CORPORATION. Investors should consider analyzing the financial results more closely, including the company’s balance sheet, cash flow statement, and income statement. They should also take into account any potential changes in the macroeconomic environment that may impact the company’s performance in the future.
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