Dunkin' tops 3Q profit forecasts

Markets Associated Press

This Thursday, July 28, 2016, photo shows donuts for sale at a Dunkin' Donuts in Edmond, Okla. Dunkin' Brands Group, Inc. is expected to report financial earnings Thursday, Oct. 20, 2016. (AP Photo/Sue Ogrocki) (The Associated Press)

Dunkin' Brands Group Inc. (DNKN) on Thursday reported third-quarter profit of $52.7 million.

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On a per-share basis, the Canton, Massachusetts-based company said it had net income of 57 cents. Earnings, adjusted for one-time gains and costs, were 60 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The owner of the Dunkin' Donuts and Baskin-Robbin chains posted revenue of $207.1 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $213.3 million.

Dunkin' shares have increased 20 percent since the beginning of the year. The stock has climbed 21 percent in the last 12 months.


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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DNKN at http://www.zacks.com/ap/DNKN


Keywords: Dunkin' Brands, Earnings Report