Denny’s Corp. reported a more than 33-percent increase in second-quarter net income on Monday, saying the brand revitalization efforts are taking hold.
The Spartanburg, S.C.-based family dining chain completed 43 remodels during the quarter, including both company and franchised units, with 30 featuring the new “Heritage” design.
John Miller, Denny’s president and chief executive, said guest traffic rose for the second consecutive quarter.
“We generated another quarter of growing franchise and company same-store sales as we continue to build on the positive momentum from our brand revitalization,” he said in a statement. “Our America’s Diner strategy, supported by our newly launched Heritage remodel program, continues to resonate with our guests and our franchisees.”
The chain finished the June 25-ended quarter with 1,693 restaurants around the world, including 160 company units and 1,533 franchised locations.
2Q NET INCOME
Result: $8.3 million, or 9 cents per share% Increase: 33.5% (from $6.2 million, or 7 cents per share a year ago)
2Q REVENUE
Result: $114.6 million% Decrease: 1.7% (from $116.6 million a year ago)
2Q SAME-STORE SALES
% Increase at domestic units systemwide: 1.9%
% Increase at company units: 3.7%
% Increase at franchised units: 1.7%
Source: Company report
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