Denny's Corporation Reports Results for the First Quarter 2008.

Business WireApril 29, 2008

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Denny's Corporation Reports Results for the First Quarter 2008.

SPARTANBURG, S.C. -- Denny's Corporation (NASDAQ:DENN) today reported results for its first quarter ended March 26, 2008.

First Quarter Summary

* Same-store sales increased 0.7% at company units and decreased 0.9% at franchised units

* Net income increased $3.8 million to $5.0 million

* Adjusted income before taxes increased $2.1 million to $2.0 million

* Sold 21 company restaurants to four franchisees under Franchise Growth Initiative (FGI)

* Opened nine new franchised restaurants and one new company restaura...

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