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Why Denny's Stock Popped This Morning

TheMotleyFool

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Why Denny's Stock Popped This MorningPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

Shares of Denny's (NASDAQ: DENN) popped higher on Friday morning after the casual-dining restaurant chain delivered its fiscal first-quarter report. As of 11:45 a.m. EDT, the stock was up by almost 11%.

However, the stock isn't going up because last quarter was great or because the second quarter is trending any better. Place this report in the "better-than-feared" category, with bad results that were nonetheless not as bad as they could have been. And shares are still sharply down over the last 12 months.