Denny's Corporation Q4 Preliminary Results Came in Ahead of Expectations
<p><a href='https://financialmodelingprep.com/financial-summary/DENN'>Denny's Corporation (NASDAQ:DENN) </a>announced its preliminary Q4 results, with domestic co-owned same-store sales growth coming in at 58.6% and franchised at 48.3%, compared to the consensus estimates of 57.3% and 47.9%, respectively.</p>
<p>Analysts at Wedbush believe the difference in company same-store sales growth vs. franchised same-store sales growth is due to better staffing levels (including a higher percentage of 24/7 locations) and a catch up in average check as they believe franchisees may have been more aggressive with respect to menu price increases earlier in the year. </p>
<p>The analysts maintained their outperform rating and $20 price target on the company’s shares, stating that they continue to believe the company's current valuation does not fully reflect management's ability to deliver post-COVID growth above pre-COVID growth rates. </p>

NASDAQ:DENN