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 ...
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!