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Denny's Reports June Same-Store Sales

Thursday July 6, 4:10 pm ET

SPARTANBURG, S.C.--(BUSINESS WIRE)--July 6, 2006--Denny's Corporation today reported same-store sales for its company-owned Denny's restaurants during the five-week month ended June 28, 2006 compared with the related period in fiscal year 2005.

June 2Q YTD
Sales: 2006 2006 2006
------------------------------------------- -------- --------- ------
Same-Store Sales (1.3%) (0.4%) 2.1%
Guest Check Average 3.5% 4.0% 6.0%
Guest Counts (4.7%) (4.2%) (3.6%)

Restaurant Counts: 6/28/06 12/28/05
------------------------------------------- -------- ---------
Company-Owned 543 543
Franchised and Licensed 1,023 1,035
-------- ---------
1,566 1,578

Denny's plans to release financial and operating results for the second quarter of 2006 after the markets close on Thursday, July 27. In addition, Denny's plans to release same-store sales for the month ended July 26 after the markets close on Thursday, August 3.

I don't think this is anything to worry about. I think Denny's will need a few months to let the new chairman settled in and continue on with their turnaround process. But, if nothing seems to change for the better in the next year or so I will consider selling. Turnarounds probably take the most work to watch, because one bad step and your investment could be down the drain. Turnarounds also provide some of the better investments out there - if you find the right ones!

I continue to believe that Denny's will be able to get their company turned around.



David K
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