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

Earnings

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

Why Some Older Adults Are Rethinking Whether To Downsize
A Perfect Storm For New York City Real Estate Buyers? Get Ready!
Student loan forgiveness could help narrow the racial wealth gap, say advocates. Here’s how
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
WWE boss Vince McMahon steps away from CEO role, will address misconduct probe on ‘Smackdown’