SPARTANBURG S.C. Denny’s Corp. said Tuesday that despite a sales slowdown at its family-dining chain, its third quarter profit more than doubled because of its successful refranchising initiative, which led to lower interest expense from debt reduction, improved restaurant margins from the sale of underperformers, and lower depreciation from asset sales. For the quarter ended Sept. 24, Denny’s earned $10.6 million, or 11 cents per share, compared with year-ago earnings of $5 million, ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?