Dunkin' Brands Profit, Sales Come In Ahead Of Expectations

Dunkin' Brands Group Inc. on Thursday posted quarterly earnings and sales that were above Wall Street expectations. Third-quarter net earnings at the doughnut seller were $46.2 million, or 48 cents a share, down from $54.7 million, or 52 cents a share, a year earlier. Adjusted earnings were 52 cents a share for the most recent period, and revenue of $209.8 million was higher than the $192.6 million in made last year. Analysts polled by FactSet expected Dunkin' to report adjusted earnings of 51 cents a share, on sales of $204 million. The company said same-store sales at U.S. Dunkin' Donuts stores rose 1.1%, compared with a 2% rise a year ago. Analysts were looking for an increase of 1.6%, according to FactSet.