Dunkin’: 2Q Earnings Snapshot
Posted July 30, 2020 6:15 am.
Last Updated July 30, 2020 6:24 am.
This article is more than 5 years old.
CANTON, Mass. (AP) _ Dunkin’ Brands Group Inc. (DNKN) on Thursday reported second-quarter earnings of $36.5 million.
On a per-share basis, the Canton, Massachusetts-based company said it had net income of 44 cents. Earnings, adjusted for one-time gains and costs, were 49 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The owner of the Dunkin’ Donuts and Baskin-Robbin chains posted revenue of $287.4 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $271 million.
Dunkin’ shares have fallen 5% since the beginning of the year. The stock has fallen 12% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DNKN at https://www.zacks.com/ap/DNKN
The Associated Press
