Dunkin' Brands (DNKN) Tops Q2 EPS by 1c

Dunkin' Brands (NASDAQ: DNKN) reported Q2 EPS of $0.49, $0.01 better than the analyst estimate of $0.48. Revenue for the quarter came in at $287.4 million versus the consensus estimate of $277.44 million.

• Dunkin' U.S. comparable store sales decline of 18.7%, which improved sequentially in each month of the quarter

The Company expects that approximately 800 Dunkin' U.S. locations, including the previously announced 450 limited-menu Speedway locations, may permanently close in 2020 on a gross basis as part of a real estate portfolio rationalization, being performed in conjunction with its franchisees, with the goal of setting the U.S. system up for continued strong, profitable future growth. The 800 locations would represent approximately 8 percent of the Dunkin' U.S. total restaurant footprint and approximately 2 percent of 2019 Dunkin' U.S. systemwide sales, inclusive of the Speedway closings.

For earnings history and earnings-related data on Dunkin' Brands (DNKN) click here.

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