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The Markets
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Food & drink

Dunkin' Brands Group shares dip in pre-market as third quarter earnings miss

The group operates the Dunkin' Donuts and the Baskin-Robbins ice cream chain

Donut firm Dunkin' Brands Group Inc (NASDAQ:DNKN) saw shares drop 2.51% before the bell as it posted third quarter earnings, which were below last year's figures.

The group, which operates the Dunkin' Donuts and the Baskin-Robbins ice cream chain, said that the three months saw net income come in at US$52.2mln versus US$52.7mln at the same time last year.

Adjusted EPS (earnings per shares) was 61 cents, below consensus of 63 cents.

Revenues were up, however, at US$224.2 million, up from $207.1 million last year.

Due to the hurricanes, the company has lowered the number of expected store openings for its 2017 year to about 300 to 320 from 330 to 350.

And Dunkin' Brands expects EPS (earnings per share) of US$2.17 to US$2.25 for the year.

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