Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' Donuts (DD) and Baskin-Robbins (BR), today reported results for the third quarter ended September 27, 2014.
Third quarter highlights include:
- Dunkin' Donuts U.S. comparable store sales growth of 2.0%; Baskin-Robbins U.S. comparable store sales growth of 5.8%
- Added 197 net new restaurants worldwide including 120 net new Dunkin' Donuts in the U.S.
- Revenue increased 3.4%
- Adjusted operating income increased 11.3%; adjusted operating income margin of 51.6%
- Diluted adjusted EPS increased 19.5% to $0.49
- Board of Directors declares $0.23 fourth quarter dividend
Dunkin' Donuts U.S. comparable store sales growth in the third quarter was driven by higher traffic and increased average ticket resulting from our continued focus on product and marketing innovation. Growth was driven by beverages, led by Iced Coffee, Frozen Beverages, and Hot and Iced Espresso; by breakfast sandwiches and associated add-ons like Hash Browns, led by the return of the Breakfast Burrito and the Spicy Smoked Sausage Breakfast Sandwich and the launch of the Chicken Biscuit in several markets; and by donuts including the Coffee Cream and Pumpkin flavors. Ticket and traffic growth contributed equally to comparable store sales growth in the third quarter. Full report.
