Home » General World News » Denny’s surges 25% after saying it will sell company-operated stores to franchisees (DENN)

Denny’s surges 25% after saying it will sell company-operated stores to franchisees (DENN)





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  • Denny’s on Tuesday said it will sell some of its company-operated restaurants to franchisees as part of its refranchising and development strategy.
  • Shares soared 25% following the news, hitting a 52-week high of $18.16 apiece.
  • The company’s third-quarter financial results missed both on the top and bottom lines.
  • Watch Denny’s trade in real time here.

Denny’s shares soared 25% Wednesday, hitting a 52-week high of $18.16 apiece, after the restaurant chain said it will sell some of its company-operated restaurants to franchisees.

Denny’s management on Tuesday told investors that Denny’s intends to sell between 90 and 125 company-operated restaurants in the next read more >>>

Source:: BusinessInsider.Com

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