Denny's First Quarter 2008 Same-Store Sales Down
2008-04-14
Denny's Reports First Quarter 2008 Same-Store Sales
Denny's Corporation (NASDAQ: DENN) today reported same-store sales for its company-owned and franchised restaurants during the quarter ended March 26, 2008 compared with the related period in fiscal year 2007.
During the first quarter, Denny's opened one new company restaurant, closed one and sold 21 company restaurants to franchisee operators. Also during the first quarter, franchisees opened nine new restaurants, closed five and purchased 21 company restaurants. Denny's ended the first quarter with 373, or 24%, company restaurants and 1,177, or 76%, franchised and licensed restaurants, a net increase of four restaurants in the quarter.
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