Dunkin' Q2 Report Shows 20% Drop in Revenue; Company Expects to Close 800 Stores

Dunkin' Brands Group reported a 20% decline in revenue for its second-quarter with fewer consumers visiting stores during the COVID-19 pandemic. The company announced that it plans to close 800 U.S. stores this year. The Q2 report noted that Dunkin' U.S. store sales improved sequentially each month during the quarter.

"For Dunkin' U.S., same store sales improved sequentially throughout the quarter, largely as a result of our ability to pivot quickly and introduce new menu items designed to appeal to customers who are now visiting us later in the day. Our digital platform -- a cornerstone of our Dunkin' Blueprint for Growth -- drove significant customer engagement and rapid recovery during the quarter, and last week we announced the hiring of a Chief Digital & Strategy Officer to accelerate our digital future," said Dave Hoffmann, Chief Executive Officer, Dunkin' Brands Group, Inc. "We are extremely proud of our great franchisees who kept the vast majority of our restaurants open during the quarter and really stepped up with a sense of urgency and grit to keep their team members employed, our guests served, and their communities running."