Denny's Corporation Reports Results for the Fourth Quarter and Year End 2007.
Business Wire › February 13, 2008
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Denny's Corporation Reports Results for the Fourth Quarter and Year End 2007.
SPARTANBURG, S.C. -- Denny's Corporation (NASDAQ: DENN) today reported results for its fourth quarter and year ended December 26, 2007.
Fourth Quarter Summary * Same-store sales decreased 1.2% at company units and increased 0.3% at franchised units * Net income increased $14.4 million to $16.7 million * Adjusted income before taxes decreased $3.9 million to $3.4 million * Sold 74 company restaurants to 19 franchisees under Franchise Growth Initiative (FGI) * Signed franchise restaurant development commitments for 49 new units * Generated $44.7 million in net asset sale proceeds * Reduced outstanding debt by $55.1 million, or 14% Full Year Summary * Same-store sales...See the full content of this document
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