The logo of Dunkin' Donuts is on display in Tbilisi, Georgia, July 13, 2016. REUTERS/David Mdzinarishvili

The logo of Dunkin' Donuts is on display in Tbilisi, Georgia, July 13, 2016. REUTERS/David Mdzinarishvili (Copyright Reuters 2016)

Dunkin' Brands reports revenue below estimates

Markets Reuters

Dunkin' Brands Group Inc , the operator of the Dunkin' Donuts and Baskin Robbins chains, posted lower-than-expected quarterly revenue on Thursday, hurt by a drop in franchise fees and fewer restaurant openings.

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Net income attributable to Dunkin' Brands rose to $52.7 million, or 57 cents per share, in the third quarter ended Sept. 24 from $46.2 million, or 48 cents per share, a year earlier.

Total sales fell 1.3 percent to $207.1 million.

Analysts were expecting revenue of $214.4 million, according to Thomson Reuters I/B/E/S.

(Reporting by Lisa Baertlein in Los Angeles and Sruthi Ramakrishnan in Bengaluru; Editing by Anil D'Silva)