Dunkin' Brands Group, Inc., the parent company of Dunkin' Donuts (DD) and Baskin-Robbins (BR), reported results for the second quarter ended June 29, 2013. Dunkin' Donuts U.S. experienced comparable store sales growth of 4.0 percent. The company added 151 net new restaurants worldwide, including 63 net new Dunkin’ Donuts in the U.S. It had an adjusted operating income increase of 15.5 percent and an adjusted operating income margin expand 420 basis points to 50.0 percent. The adjusted earnings per share increased approximately 24 percent to $0.41. The company returned nearly $40 million to shareholders through share repurchases and dividends.
"We are pleased with our performance in the second quarter which was driven by strong comparable store sales and net unit development for Dunkin' Donuts U.S.," said Nigel Travis, chairman and chief executive officer, Dunkin' Brands Group, Inc., in a prepared statement. "Innovative marketing and new product introductions, as well as a focus on delivering a great customer experience, continue to deliver attractive franchisee returns and exceptional results for Dunkin' Donuts in the U.S. Additionally, we continue to see significant interest in restaurant development for Dunkin' Donuts in this country, and for the second consecutive quarter, Baskin-Robbins U.S. experienced positive net growth. On the international front, we continue to build the foundation for the long-term growth of both brands. Going into the second half of the year, we are confident about our business prospects and are steadfastly focused on delivering profitable growth for our franchisees and shareholders."
"For the quarter, our franchised business model continues to generate consistent revenue growth and high-margins resulting in a 24 percent adjusted earnings per share growth," said Paul Carbone, chief financial officer, Dunkin' Brands Group, Inc. "Our business is strong, and we remain confident with our full-year financial targets for 2013.
