Dunkin' Brands misses 4Q profit expectations, tops revenue forecasts
Dunkin' Brands Group Inc. (DNKN) on Thursday reported fourth-quarter profit of $52.5 million.
The Canton, Massachusetts-based company said it had profit of 50 cents per share. Earnings, adjusted for one-time gains and costs, were 46 cents per share.
The results did not meet Wall Street expectations. 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 posted revenue of $193.2 million in the period, topping Street forecasts. Analysts expected $190 million, according to Zacks.
For the year, the company reported profit of $176.4 million, or $1.65 per share. Revenue was reported as $748.7 million.
Dunkin' expects full-year earnings in the range of $1.83 to $1.87 per share.
Dunkin' shares have increased slightly more than 9 percent since the beginning of the year. The stock has dropped slightly more than 1 percent in the last 12 months.
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