Denny’s Eyes Higher Food Costs, Price Hikes

Nation’s Restaurant News:

Denny’s Corp. executives said they will need to raise menu prices to counter inflation pressures in a call with analysts discussing third-quarter earnings.

Company officials remain cautiously optimistic on the chain’s current strategy of blending everyday value propositions and compelling limited-time offers, and said those methods will continue to help build sales.

The Spartanburg, S.C.-based operator, franchisor and licensor of 1,677 family-dining restaurants said net income fell 19.2 percent to $8 million, or 8 cents per share, for the quarter ended Sept. 28, compared with $9.9 million, or 10 cents a share, in the same quarter last year. More.