Denny’s total operating revenue grew 3.1% to $132.4 million primarily due to an increase in company restaurant sales. Company restaurant sales were up 5.1% to $97.9 million due to a greater number of company restaurants compared to the prior year quarter and same-store sales growth. Franchise and licensing revenue was $34.5 million compared to $35.3 million in the prior year quarter as an increase in royalty revenue was offset by lower occupancy revenue due to scheduled lease terminations and a reduction in initial fees from fewer restaurant openings.
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Denny’s total operating revenue grew 3.1% to $132.4 million primarily due to an increase in company restaurant sales. Company restaurant sales were up 5.1% to $97.9 million due to a greater number of company restaurants compared to the prior year quarter and same-store sales growth. Franchise and licensing revenue was $34.5 million compared to $35.3 million in the prior year quarter as an increase in royalty revenue was offset by lower occupancy revenue due to scheduled lease terminations and a reduction in initial fees from fewer restaurant openings.
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