Earnings

Dunkin’ misses US same-store sales estimates but raises guidance

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.

Products You May Like

Articles You May Like

Amgen wants in on the booming weight loss drug market — and it’s taking a different approach
Crypto is ‘like cayenne pepper’ for investors, money manager says: ‘A little goes a long way’
Cocoa prices hit $10,000 per metric ton for the first time ever
‘The Fed has made two major mistakes in its history,’ expert says. Here’s how those affect policy today
Who Refuses To Sign Legal Documents After They Are Prepared?

Leave a Reply

Your email address will not be published. Required fields are marked *