Denny's Shares Fall Following Disappointing Q3 Financial Results: Details

Denny’s Corporation (NASDAQ:DENN) shares are trading lower on Tuesday.

The company reported third-quarter adjusted earnings per share of 14 cents, missing the analyst consensus of 15 cents. Quarterly sales of $111.76 million missed the street view of $115.46 million.

Denny’s domestic system-wide same-restaurant sales fell 0.1%, including a 0.1% decline at domestic franchised restaurants and a 0.4% decrease at company restaurants.

The company opened two new franchised restaurants and completed six remodels, including three at company locations.

Operating income fell to $11.7 million from $14.0 million in the same quarter last year.

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