Dunkin’ misses US same-store sales estimates but raises guidance

Earnings

A Dunkin’ location in Brooklyn, New York.

Scott Mlyn | CNBC

Dunkin’ Brands Group Inc reported lower-than-expected quarterly same-store sales in its namesake donut and coffee chain on Thursday, as it struggled to attract diners in a crowded breakfast and coffee market in the United States.

However, the company raised its full-year earnings per share estimates to a range of $3.10 to $3.12, up from a range of $3.02 to $3.05 per share.

Comparable sales at Dunkin’s U.S. stores grew 1.5% in the third-quarter ended Sept. 28, below the estimates of 1.7% rise, according to IBES data from Refinitiv.

Net income rose to $72.4 million, or 86 cents per share, from $66.1 million, or 79 cents per share, a year earlier.

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