Dunkin' Brands (DNKN) Misses Q3 EPS by 2c

Dunkin' Brands (NASDAQ: DNKN) reported Q3 EPS of $0.61, $0.02 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $224.2 million versus the consensus estimate of $214.9 million.

• Dunkin' Donuts U.S. comparable store sales growth of 0.6%
• Baskin-Robbins U.S. comparable store sales decline of 0.4%
• Added 137 net new Dunkin\' Donuts and Baskin-Robbins locations globally including 67 net new Dunkin\' Donuts in the U.S.
• Revenues increased 8.2%
• Diluted EPS unchanged at $0.57
• Diluted adjusted EPS increased by $0.01 to $0.61
• Retail sales of ready-to-drink Dunkin\' Donuts Iced Coffee beverages exceeded $100 million since launch according to IRI* data
• Company entered into debt recapitalization transaction

GUIDANCE:

Dunkin' Brands sees FY2017 EPS of $2.40-$2.43, versus the consensus of $2.43.

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

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