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Denny’s profits grow despite fall in revenue

SPARTANBURG S.C. Buoyed by property sales and a slight uptick in the same-store sales at company units, Denny’s Corp. reported a net income for the first quarter ended March 26 of $5 million, or 5 cents a share, on revenues of $196 million, down 17 percent from the year-ago quarter.

The results compare with a profit of $1.2 million, or 1 cent per share, on revenues of $236.7 million for the same quarter of the prior year.

Same-store sales edged up

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