Yesterday, Dunkin’ released a “double beat” on its Q1 revenues and earnings – $7 million higher on revenues and $.05 EPS higher on earnings. The stock was up early on the day, but closed slightly lower for the day. Declaring a 37.5 cent stock dividend, Dunkin’ CEO Dave Hoffmann reported that US same store sales were up 2.4%, with higher average ticket and some negative traffic count. He also recapped the blue print strategy and articulated specific progress to date. In addition, he noted the success of the espresso platform and the careful steps in the works with franchisees to insure effective Next Gen store planning. He anticipated it would be ready for display by mid-summer. Analysts asked specifically about franchisee pricing and labor pressure, which Hoffmann also acknowledged, noting that the national marketing program provides a price/value component to accompany and offset higher prices.