A Dunkin’ location in Brooklyn, New York.
Scott Mlyn | CNBC
Dunkin’ Brands Group Inc reported lower-than-expected quarterly same-store sales in its namesake donut and coffee chain on Thursday, as it struggled to attract diners in a crowded breakfast and coffee market in the United States.
However, the company raised its full-year earnings per share estimates to a range of $3.10 to $3.12, up from a range of $3.02 to $3.05 per share.
Comparable sales at Dunkin’s U.S. stores grew 1.5% in the third-quarter ended Sept. 28, below the estimates of 1.7% rise, according to IBES data from Refinitiv.
Net income rose to $72.4 million, or 86 cents per share, from $66.1 million, or 79 cents per share, a year earlier.