SPARTANBURG, S.C., May 05, 2009 (BUSINESS WIRE) -- Denny's Corporation (NASDAQ: DENN) today reported results for its first quarter ended April 1, 2009.
First Quarter Summary
Sold 30 company restaurants to franchisees under Denny's Franchise Growth Initiative (FGI)
Opened 11 new restaurants (10 franchised and one company)
Increased franchised restaurants to 82% of Denny's system
Same-store sales decreased 1.4% at franchised units and increased 0.3% at company units
Adjusted income before taxes increased $2.6 million to $4.6 million
Net income increased $0.2 million despite $9.2 million less in asset sale gains
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