Dunkin' Post Earnings Beat but Coronavirus Slams Same-Store Sales [TheStreet.com]
DUNKIN BRANDS GROUP (DNKN)
Last dunkin brands group earnings: 4/30 06:00 am
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US:NASDAQ Investor Relations:
investor.dunkinbrands.com/investor-relations
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Source: TheStreet.com
Dunkin' Brands(DNKNGet ReportThe Canton, Mass.-based company said it earned $52.1 million, or 67 cents an adjusted share, vs. $52.3 million, or 67 cents a share, in the comparable year-ago quarter. Analysts polled by FactSet had been expecting earnings of 62 cents.Sales rang in at $323.1 million vs. $321.9 million a year ago. Analysts had been expecting sales more in the range of $310.6 million.Comparable same-store sales, a key metric among retail and restaurant chains, fell 2%, though Dunkin’ noted that the same figure was a positive 3.5% in the first 10 weeks of the quarter before the pandemic prompted large-scale shutdowns across the U.S.On the Baskin-Robbins ice-cream side of the business, comparable- store sales gained 1.8% in the first quarter as an increase in average ticket was partially offset by a decrease in traffic, also concentrated in the final three weeks of the quarter, Dunkin' said.Indeed, for Dunkin' overall, same-store sales plunged 19.4% in the final three weeks o
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