Why Denny's Stock Was in the Dumps Today
DENNDenny’s(DENN) The Motley Fool·2024-02-15 01:35

Shares of American diner chain Denny's (DENN -7.72%) were in the dumps on Wednesday after the company reported financial results for the fourth quarter of 2023. Growth is anemic, expenses are up, and profits are consequently down. And that's why Denny's stock was down 7% as of 10:30 a.m. ET and had been down as much as 10.5% earlier in the session. It's a tough business to be in right now Over 95% of the more than 1,600 Denny's locations are franchised, but company-owned restaurant sales still accounted for ...