Dunkin' Brands posts 1Q profit, results beat Wall Street forecasts

MarketsAssociated Press

Dunkin' Brands Group Inc. (DNKN) on Thursday reported first-quarter earnings of $25.6 million.

On a per-share basis, the Canton, Massachusetts-based company said it had profit of 25 cents. Earnings, adjusted for one-time gains and costs, were 40 cents per share.

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The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The owner of the Dunkin' Donuts and Baskin-Robbin chains posted revenue of $185.9 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $181.6 million.

Dunkin' expects full-year earnings in the range of $1.87 to $1.91 per share.

Dunkin' shares have increased 12 percent since the beginning of the year. The stock has dropped roughly 3 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

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Keywords: Dunkin' Brands, Earnings Report