Denny's expects to hit '08 income target

SPARTANBURG S.C. Despite a year when traffic fell 6.9 percent from the year before, Denny’s Corp. said Thursday its 2008 income will increase substantially because of the company’s efforts to sell corporate restaurants to franchisees and pay down debt.

Denny’s expects to meet or exceed its $20 million target for full-year adjusted income before taxes, which is a 90-percent increase from the prior year, the company said. The operator or franchisor of 1,541

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