News

Dunkin' Brands jolts upward via espresso + Baskin-Robbins best quarter in 2 years

Photo: Provided.

October 31, 2019

Dunkin' Brands turned in a nice Q3 performance, marked by the Baskin-Robbins brand's best quarterly sales performance in nearly two years and a lot of Dunkin' customer love for the brands espresso drinks and breakfast edibles, according to a news release. 

In the third quarter, 4.7% global systemwide sales growth was attributed to store development and comparable store sales growth worldwide. Baskin-Robbins Q3 U.S. comparable store sales grew 3.6% thanks to higher average ticket totals, despite flat traffic. 

Other key Dunkin' Brands system highlights for the quarter that ended Sept. 28, include:

• 1.7% increase in revenues. 
• 8.4% increase in Diluted adjusted EPS to 90 cents.
• 1.5% comp store sales growth at Dunkin' U.S. 
• 3.6% comp store sales growth at Baskin-Robbins.
• 55 net new U.S. Dunkin' locations.
• 122 net new Dunkin' and Baskin-Robbins locations globally.

"We delivered a strong third quarter with positive comparable store sales growth across all four of our business segments. ..." Dunkin' Brands President and CEO David Hoffmann said in the release. "We also rolled out two new features in our Dunkin' U.S. digital and loyalty platform — guest ordering for Mobile On-The-Go and multi-tender payment flexibility for the DD Perks program — unlocking more choice and convenience for Dunkin's most loyal and on-the-go guests."

Based on the company's latest financial results, it announced that it is raising and "tightening" its EPS guidance for the year, but reiterating it guidance for revenue and operating income growth. Dunkin' Brands GAAP diluted earnings per share of $2.80 to $2.85 (previously $2.71 to $2.78) and diluted adjusted earnings per share of $3.10 to $3.12 (previously $3.02 to $3.05).