Dunkin' Brands Group 2Q net income nearly flat
CANTON, Mass. (AP) — Dunkin' Brands Group Inc., which went public last month, says that its second-quarter earnings were nearly flat as the company focused on its U.S. expansion efforts and aggressive growth overseas.
The parent company of Dunkin' Donuts and Baskin-Robbins earned $17.2 million for the three months ended June 25. That compares with $17.3 million in the prior-year period.
Excluding impairment charges and other items, adjusted earnings slipped 4 percent to $24.7 million from $25.6 million.
Revenue climbed 4 percent to $157 million from $150.4 million.
Revenue from stores open at least a year rose 3.2 percent, helped by a 3.8 percent increase at Dunkin' Donuts stores in the U.S. Revenue from Baskin-Robbins U.S. stores open at least a year fell 2.8 percent.
Dunkin' Brands is based in Canton, Mass.