Denny's Pops After Impressive Same-Store Sales Growth

Shares of Denny's Corporation DENN were trading higher by nearly 4 percent mid-Monday afternoon after the company released preliminary results for its fourth quarter and full fiscal year 2015.

Denny's said its fourth quarter domestic system-wide same-store sales rose 2.9 percent, comprised of a 2.8 percent gain at franchised restaurants and 3.5 percent growth at company restaurants.

Denny's continued that on a two-year basis, its same store sales represents 9.3 percent growth at company restaurants and 7.4 percent growth at domestic franchised restaurants.

Denny's also announced that it has achieved its fifth consecutive year of positive system-wide same-store sales and highest annual system-wide same-store sales growth in over a decade.

Shares traded recently at $9.40, up 4.1 percent.