Dunkin' Brands Profit Above Expectations As Breakfast Boosts Sales
Dunkin' Brands Group Inc. on Thursday posted quarterly results that exceeded expectations. First-quarter net income was $37.2 million, or 40 cents a share, compared with $25.6 million, or 25 cents a share, a year ago. Adjusted per-share earnings were 44 cents a share. Revenue rose to $189.8 million from $185.9 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 43 cents a share on revenue of $188.2 million. Same-store sales at U.S. Dunkin' Donuts stores rose 2% during the quarter, "which was driven by growth in beverages and breakfast sandwiches, along with price and favorable weather," Dunkin' Brands CEO Nigel Travis said in a statement.
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