Denny's churns higher after earnings

|About: Denny's Corporation (DENN)|By:, SA News Editor

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)