Denny's Expects 6% Fall in Q1 Comparable-Restaurant Sales
With the SARS-CoV-2 coronavirus continuing to spread around the world, now is not an ideal time to be in the restaurant business. The latest indication of this is an update from sturdy eggs-and-pancakes slinger Denny's (NASDAQ: DENN), which provided a gloomy forecast for the immediate future of its business in a regulatory document filed on Tuesday.
In its update, Denny's said that in the present environment, it now expects comparable-restaurant sales will decline by around roughly 6% on a year-over-year basis in its just-completed first quarter.
Image source: Denny's.
Source Fool.com
