Denny's Q3 profit up 18.7 percent, best comps increase in two and a half years
SEAFOODNEWS.COM [Nation's Restaurant News] By Bret Thorn - October 28, 2014 -
Denny’s Corp. third quarter net income was $8.3 million on sales of $117 million. Comps systemwide were up 2.4 percent, up 4.1 percent at corporate units and 2.1 percent at franchised units.
“Given the strength of our results and the solid start to the fourth quarter, we are positioned to produce our highest annual system-wide same-store sales growth since 2006,” president and chief executive John Miller said, noting that company-owned restaurants saw the highest same-store-sales increases in eight years.
He attributed the results to continued brand revitalization, which included remodels of 35 locations and the opening of nine new franchised restaurants.
As of the end of the quarter, on Sept. 24, Denny’s Corp. operated 160 restaurants and franchised or licensed 1,529 locations for a total of 1,689 units.
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