Dunkin’: 4Q Earnings Snapshot
CANTON, Mass. (AP) _ Dunkin’ Brands Group Inc. (DNKN) on Thursday reported fourth-quarter profit of $53.2 million.
The Canton, Massachusetts-based company said it had net income of 64 cents per share. Earnings, adjusted for one-time gains and costs, were 68 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The owner of the Dunkin’ Donuts and Baskin-Robbin chains posted revenue of $319.6 million in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $330.2 million.
For the year, the company reported profit of $229.9 million, or $2.71 per share. Revenue was reported as $1.32 billion.
Dunkin’ expects full-year earnings in the range of $2.94 to $2.99 per share.
Dunkin’ shares have increased slightly more than 7 percent since the beginning of the year. The stock has risen 15 percent in the last 12 months.