Denny's swings to profit in 4th-Q on reduced expenses

SPARTANBURG S.C. Denny's Corp., operator or franchisor of 1,545 namesake family-dining restaurants, swung to a profit of $2.3 million, or 2 cents per share, from a net loss a year earlier, on reduced operating costs and a 0.4-percent uptick in revenues to $244.4 million.

Same-store sales for the quarter ended Dec. 27 increased 1.6 percent at corporate units and 2.3 percent at franchised units. During the quarter, Denny's closed 16 underperforming units.

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