Denny's Corp (DENN) Reports Q3 Same-Store Sales Down 5.1% And Gives Preliminary Guidance
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Denny's Corp (Nasdaq: DENN) reports Q3 same-store Sales down 5.1%. Denny's sees Q3 revenue of $189 million versus consensus of $186.79 million or last year's revenue of $241.4 million. Denny's expects Q3 adjusted income to be between $8.0 to $8.5 million versus $5.8 million a year ago.
Nelson Marchioli, President and Chief Executive Officer, stated, "We expect to report strong income growth in the third quarter despite the ongoing macroeconomic decline."
Denny's is one of America's largest full-service family restaurant chains, consisting of 332 company-owned units and 1,206 franchised and licensed units.
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