Denny's Corporation Reports Third Quarter EPS of $.10

Denny's Corporation DENN  today reported results for its third quarter ended September 29, 2010.

Third Quarter Summary

• Same-store guest counts rose 2.3% at company units, the strongest performance since the first quarter of 2005
• Same-store sales decreased 0.7% at company units and 1.2% at franchised units
• Opened 61 new units, including 48 Flying J conversion sites and 4 units at university locations
• Secured industry veterans for the Chief Marketing Officer and Chief Operating Officer positions
• Net income of $9.9 million, or $0.10 per diluted share
• Adjusted income before taxes* grew by 3.7%, to $9.4 million
• Refinanced all debt to lower cost credit facility of $300 million while increasing flexibility to perform stockholder friendly actions, subsequent to the end of the third quarter