2024-02-13 17:41:20 ET
Summary
- Denny's Corporation has benefited from reduced food inflation, particularly in egg and meat prices, but consumers are starting to balk at higher menu prices.
- The company saw declines in sales and mixed comparable sales in Q4.
- However, high costs continue to weigh on Denny's Corporation earnings, and the lack of earnings growth limits the upside for the stock.
Denny's Corporation ( DENN ), the quick service diner-style restaurant, has seen a benefit from reduced food inflation, especially in egg and meat prices. It has also enjoyed menu pricing power and a stable consumer. Labor costs, however, continue to weigh....
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Denny's: The Struggles Continue