Dunkin’ Q3 Earnings Call

Dunkin’ Brands held its Q3 earnings call yesterday and our restaurant analyst, John Gordon, Pacific Management Consulting Group, provided some highlights . . . DD US net shop opens was lighter than prior year. Dunkin Corporate net income dollars were down year to year due to increased interest expense on its higher debt load. The…

Read More »

Dunkin’  Q2 Earnings

John Gordon, DDIFO restaurant analyst, reported on yesterday’s Dunkin’ Q2 earnings call and advised that Dunkin’ US was in at least fair shape, with reported comps of +2.9%, and transactions were said to be +.6%, with which they were “satisfied”. The SSS KCup cannibalization was said to be .6%, due to the CPG rollout. There…

Read More »

How Fair is Dunkin’s Dispute Resolution Clause?

Imagine an apple fritter filled with cream and grape jelly and covered with mixed sprinkles. That’s a good analogy for Dunkin’ Brands’ dispute resolution clause in your franchise agreement – a mish-mash. Before delving into the specifics of Dunkin’s clause, here’s some background on dispute resolution clauses. Unless a different procedure is spelled out in…

Read More »

Dunkin’ Doings

We want to congratulate two Dunkin’ mainstays on important upcoming developments in their professional lives.  John Costello, President of Global Marketing and Innovation, has announced that he will be retiring in mid-2016.  Costello, who joined Dunkin’ in 2009, will remain in his current position but will transition to a new, more strategic role focused largely…

Read More »

Dunkin’ Doings

Dunkin’ Brands reported Q4 2014 results yesterday with US comparable store sales growth of 1.4% and increased revenue of 5.5%.  Reporting 141 net new opens in the US, Dunkin’ stated earnings of $.46 per share, but thereby disappointed Wall Street, missing their expectation of $.47 per share.  Last week, Paul Carbone updated the investment community…

Read More »

Dunkin’ Doings

Although not unexpected, Dunkin’ Brands announced last week that it was refinancing and replacing $1.8B in debt with $2.4B in new debt which will be securitized at a bit lower interest rate. The new debt excess, around $600M, will be used for reserve accounts and future share buybacks. Also last week, DBI reported in a…

Read More »

A Down December

In earnings calls at the year-end, Dunkin’ announced less than stellar earnings over the past year.  Our restaurant analyst, John Gordon of Pacific Management Consulting Group, advises that Dunkin’ pre-released its bad news last week, indicating that US Dunkin same store sales, international results and earnings would be lower than forecast in both 2014 and…

Read More »

Dunkin’ Q3 Earnings Call

Yesterday, Dunkin’ Brands released their Q3 earnings numbers – missing the revenue consensus target by $4.5 million but beating the EPS target by $.02 on an adjusted basis.  Our restaurant analyst, John Gordon of Pacific Management Consulting Group, provides us the following notes . . .  It noted its sales would be a challenge and…

Read More »

Dunkin’ Adds New Director to Board

Dunkin Brands Chairman and CEO Nigel Travis this week announced the appointment of Pepperidge Farms President Irene Chang Britt to the Dunkin’ Brands Board of Directors. According to the DBI press release, Ms. Chang Britt, 51, has held leadership positions with several of the foremost brands in the food service and consumer packaged goods industry. …

Read More »