Dunkin' 2Q profit increases 13 percent
Dunkin' Brands Group Inc. (DNKN) on Thursday reported net income that rose by 13 percent in its second quarter. The results matched analysts' expectations.
The Canton, Massachusetts-based company said earnings increased to $46.2 million, or 43 cents per share, from $40.8 million, or 38 cents per share, in the same quarter a year ago.
Earnings, adjusted for one-time gains and costs, were 47 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The owner of the Dunkin' Donuts and Baskin-Robbin chains said revenue rose 4.6 percent to $190.9 million from $182.5 million in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $198.7 million, according to Zacks.
Dunkin' Brands shares have decreased $4.24, or 8.8 percent, to $43.96 since the beginning of the year. However, the stock has risen $1.96, or 4.7 percent, in the last 12 months.
This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full DNKN report: http://www.zacks.com/ap/DNKN