Denny's (DENN +5%) trades higher after narrowly topping estimates with its Q4 report.
Domestic same-store sales (company-owned and franchised) were up 2.9% Y/Y.
Payroll and benefits costs were up 80 bps to 39.8% of sales.
The company expects to add five to ten restaurants this year on a net basis.
Analyst reaction: Wedbush reiterated its Outperform rating on the restaurant chain after digesting the report.
Previously: Denny's beats by $0.01, beats on revenue (Feb. 17)