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Dunkin' Brands posts 2Q profit, results top Wall Street estimates

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CANTON, Massachusetts — Dunkin' Donuts' sales rose 2.9 percent at established U.S. locations in the second quarter, the company said Thursday.

Parent company Dunkin' Brands Group Inc. said the increase was the result of a mix of an uptick in customer traffic and higher average spending per visit, driven by sales of beverages.

For international units, the chain's sales slipped 0.1 percent at established locations.

For the period ended June 27, the Canton, Massachusetts-based company said it said it earned $42.3 million, or 44 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.

Analysts on average expected 48 cents per share, according to Zacks Investment Research.

The owner of the Dunkin' Donuts and Baskin-Robbin chains posted revenue of $211.4 million in the period, also exceeding Street forecasts of $202.9 million.

Dunkin' shares have increased 33 percent since the beginning of the year. The stock has climbed 26 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on DNKN at http://www.zacks.com/ap/DNKN

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Keywords: Dunkin' Brands, Earnings Report

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