Olvin Analysis: ($DENN) Denny’s fast foot traffic recovery shows America is hungry to be ‘Always Open’ once more

Key Points Denny’s has been struggling to recover after the pandemic, with revenue in Q2 still only at 70% of pre-pandemic levels, strongly underperforming industry peers due to its inability to transition to models alternative to in-person dining; Olvin analysis shows that the American Diner chain has experienced a rapid increase in foot traffic in Q3 and the trend will continue in Q4, giving the company a chance to bring revenue close to pre-pandemic levels; The company’s Q3 2021 earnings could report revenue close or even in excess of Q3 2019, representing a complete recovery from the pandemic.

(PRWeb October 25, 2021)

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