Denny’s Corp. reported a 34-decrease in fourth-quarter net income but marked its third consecutive year of positive same-store sales, despite a challenging economic environment. The Spartanburg, S.C.-based family-dining chain finished the Dec. 25-ended quarter with 1,700 locations worldwide, 1,537 of which were operated by franchisees.
4Q NET INCOME
Result: $4.3 million, or 5 cents per share% Decrease: 34% (from $6.5 million, or 7 cents per share)
4Q REVENUE
Result: $114.3 million% Decrease: 1.5% (from $115.9 million)
4Q SAME-STORE SALES
% Increase U.S. systemwide: 0.9%
% Increase at U.S. corporate units: 0.8%
% Increase at U.S. franchised units: 1.5%
Source: Company report
FULL YEAR NET INCOME
Result: $24.6 million, or 26 cents per share% Increase: 10% (from $22.3 million, or 23 cents per share)
FULL YEAR REVENUE
Result: $462.6 million% Decrease: 5% (from $488.4 million)
FULL YEAR SAME-STORE SALES
% Increase U.S. systemwide: 0.5%
% Increase at U.S. corporate units: 0.6%
—— % Increase at U.S. franchised units: flat
Source: Company report
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