Dunkin' Brands Group, (NASDAQ: DNKN), the parent company of Dunkin' Donuts and Baskin Robbins, reported a 36 percent jump in its third quarter net income because of U.S. and international growth.
Dunkin' Brands' third quarter net income soared to $40.2 million, while revenue increased 8.5 percent to $186.3 million. U.S. Dunkin' Donuts stores realized same-store sales growth of 4.2 percent, and the company's U.S. Baskin Robbins stores realized same-store sales gains of 3.2 percent.
Dunkin' added 81 new Dunkin' Donuts U.S. locations net, 73 new Baskin-Robbins International locations net, 67 new Dunkin' Donuts International locations net, and one new Baskin-Robbins U.S. location net. In addition, Dunkin' Donuts U.S. franchisees remodeled 98 restaurants during the quarter.
"With 222 net new openings year-to-date, we now have 7,500 Dunkin' Donuts restaurants in the U.S, and the demand by existing and prospective franchisees to grow with us has never been stronger," Nigel Travis, chairman and CEO, Dunkin' Brands Group, said in a company statement, Chain Store Age reported.
Travis said the company can grow to 15,000 Dunkin' Donuts restaurants in the U.S., including approximately 3,000 additional locations east of the Mississippi and 5,000 in the western part of the country.
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