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Denny’s profit, revs decline in 3Q

SPARTANBURG S.C. Denny’s Corp., still feeling the pinch of the recession during its September-ended third quarter, said profit fell 6 percent as revenue declined 23 percent, mostly because of the sale of corporate restaurants to franchisees as well as negative same-store sales trends.

For the three months ended Sept. 30, net income totaled $10 million, or 10 cents per share, compared with earnings of $10.6 million, or 11 cents per share, in the same quarter a year

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