Denny’s recoups same-store sales in fiscal 2011

Denny’s recoups same-store sales in fiscal 2011

Denny’s Corp. reported Wednesday an increase in net income for the fourth quarter, but attributed most of that gain to provisions for a tax benefit and impairment expense.

Systemwide same-store sales rose 0.7 percent for fiscal 2011 ended Dec. 28, compared with a 3.6-percent drop a year earlier — the first time since 2007 that that both company-operated and franchised locations simultaneously registered growth in that metric, the operator and franchisor of Denny&rsqu

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