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

Comcast shares fall despite earnings beat
Bernie Sanders’ wealth tax would raise $1 trillion less than he estimates, Wharton study shows
Wall Street’s beleaguered bond traders relive their glory days with a breakout quarter
US futures point to slightly higher open on Wall Street
Norwegian energy major Equinor to run ship fitted with ammonia fuel cells

Leave a Reply

Your email address will not be published.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