SPARTANBURG S.C. Denny’s Corp. reported a steep drop in net income for the second quarter on slowed consumer spending at its family-dining chain and the sale of corporate restaurants. For the quarter ended June 25, Denny’s posted profit of $3.2 million, or 3 cents per share, compared with earnings of $10.6 million, or 11 cents per share, a year ago. Revenue in the latest quarter fell 21 percent to $190.3 million.Denny’s operated 141 fewer restaurants during the quarter than it did a ...
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Contact: Desiree Torres Desiree.Torres@penton.com