Denny’s same-store sales grow amid ‘challenged’ market
Denny’s Corp. said on Monday that its same-store sales increased a slower-than-expected 0.5 percent in the fourth quarter ended Dec. 28 amid “ongoing and pervasive challenges” in the restaurant industry.
For the year, same-store sales increased 0.9 percent, and increased 6.7 percent on a two-year basis.
“Our same-store sales were not as strong as anticipated due to traffic pressure we experienced as we moved through the fourth quarter,” CEO John Miller said in a statement. “However, given the ongoing and pervasive challenges within the industry, we are pleased that our team’s efforts resulted in strong cash flow.”
Miller expects further