Market Overview

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

Denny's Corporation (NASDAQ: 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 

Posted-In: Earnings News

 

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