Denny’s: 3rd-Q comps fall 5.1%, adjusted income to rise

SPARTANBURG S.C. Denny’s Corp. reported Tuesday that its third-quarter adjusted profit is expected to increase as much as 45 percent from a year ago despite a 5.1-percent drop in systemwide same-store sales. The family-dining company said it expected third-quarter, pre-tax adjusted income — which excludes restructuring charges, exit costs, impairment charges, asset sale gains, share-based compensation and other non-operating expenses — to total between $8.0 million and $8.5 million, ...

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