Denny’s 3rd-Q profit sinks

SPARTANBURG S.C. Amid a restructuring that includes staff layoffs, divestments of real estate and the sale of some corporate restaurants to franchisees, Denny’s Corp. posted a 79.1-percent plunge in third-quarter profit on a 6.5-percent decline in revenue to $241.4 million. However, same-store sales rose 1.3 percent at corporate units and 3.2 percent at franchised units.

The operator or franchisor of 1,539 namesake restaurants said net income for the three

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