Dunkin' Brands (DNKN) Tops Q1 EPS by 4c; Boosts FY15 EPS Outlook
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Dunkin' Brands (NASDAQ: DNKN) reported Q1 EPS of $0.40, $0.04 better than the analyst estimate of $0.36. Revenue for the quarter came in at $185.9 million versus the consensus estimate of $180.78 million.
- Dunkin' Donuts U.S. comparable store sales rose of 2.7%
- Baskin-Robbins U.S. comparable store sales rose of 8.0%
The Company today announced that John Costello, President, Global Marketing & Innovation, has decided to retire in the middle of 2016. As of May 1, 2015, he will transition to a new, more strategic role focused largely on the evolution of the Company's brands with special emphasis on Dunkin' Brands' international businesses. The Company will not be replacing Mr. Costello but will instead promote members of the senior marketing leadership team to assume his responsibilities. Scott Hudler, Vice President of Global Consumer Engagement, will begin reporting directly to Nigel Travis and will continue to lead Dunkin' Donuts U.S. advertising, media strategy and in-store merchandising support. He will also continue to be responsible for Dunkin' Donuts US, Dunkin' Donuts International and Baskin-Robbins International advertising and digital media strategies, as well as the Company's loyalty programs. Chris Fuqua, is being named Vice President, Dunkin' Donuts Brand Marketing & Global Consumer Insights & Product Innovation. In addition to overseeing Dunkin' Donuts U.S. marketing programs, he will now assume responsibility for Dunkin' Donuts U.S. field marketing, and product innovation and consumer insights for Dunkin' Donuts and Baskin-Robbins on a global basis.
Dunkin' Brands sees FY2015 EPS of $1.87-$1.91, versus prior guidance of $1.30-$1.87 and the consensus of $1.86.
For earnings history and earnings-related data on Dunkin' Brands (DNKN) click here.
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