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Oct, 23 2015

Dunkin\' Brands sales rose by 38.5%

Net income attributable to the company fell to $46.2 million or 48 cents per share, in the third quarter ended Sept. 26 from $54.7 million or 52 cents per share, a year earlier.

Dunkin' Brands Group Inc reported better-than-expected quarterly revenue, helped by increased royalties from franchisees and higher sales at company-operated restaurants, reported Reuters.

Royalty and fees from franchisees of its Dunkin' Donuts restaurants and Baskin-Robbins ice cream shops rose 5.6 percent to $133.9 million, accounting for nearly two-thirds of its total revenue in the quarter.

Sales at company-operated restaurants rose 38.5 percent to $7.3 million.

Net income attributable to the company fell to $46.2 million or 48 cents per share, in the third quarter ended Sept. 26 from $54.7 million or 52 cents per share, a year earlier.

Revenue rose nine per cent to $209.8 million, above the average analyst estimate of $204.1 million, according to Thomson Reuters.

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