Denny's Announces Preliminary Comps Figures For Q4 & 2017
Zacks Investment Research | Jan 09, 2018 08:53PM ET
Denny's Corporation (NASDAQ:DENN) , like most other U.S. full-service restaurant chains, has been bearing the brunt of soft consumer spending and sluggish sales owing to the recent hurricanes. However, the company has undertaken various initiatives to navigate the challenging restaurant industry.
Toward this end, Denny’s banks on four strategies which include deliverance of differentiated brands to achieve consistent comps growth, carrying out operations of famous restaurants, fortifying its franchise position by expanding globally and focusing on cost and capital allocation that would drive profitable growth and enhance shareholders’ value.
Denny's recently reported its initial domestic comps figures for fourth quarter and fiscal 2017, which ended on Dec 27, 2017. Despite the macro woes plaguing the restaurant space, the company’s reported comps figures make us ever more optimistic about the final results.
Shares of Denny's have rallied 18.7% in the past six months, outperforming the Original post
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