dunkin' brands group inc (DNKN) Key Developments
Dunkin Brands Group Signs Agreements for 14 New Stores in Kansas
Aug 21 14
Dunkin Brands Group reported that it signed multi-unit store development agreements to develop new restaurants in Kansas. The agreements, singed with three franchise groups are for 14 new restaurants in Wichita and Topeka. The stores will be developed over the next several years with the first stores opening later this year, and the remainder by 2017.
The National Association for the Advancement of Colored People Announces Partnership with Dunkin' Brands Group
Jul 29 14
The National Association for the Advancement of Colored People, or NAACP, has announced its partnership with Dunkin' Brands Group, Inc. to create a diversity franchising initiative to increase the number of African-American owned franchise businesses in the US.
Dunkin' Brands Group, Inc. Provides Earnings Guidance for the Fiscal Year 2014
Jul 29 14
Dunkin' Brands Group, Inc. provides earnings guidance for the fiscal year 2014. For fiscal 2014, the company expects adjusted earnings per share to be in the range of $1.73 to $1.77.
Dunkin' Brands Group, Inc. Declares Quarterly Cash Dividend, Payable on September 3, 2014; Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 28, 2014; Revises Earnings Guidance for the Year 2014; Expects to Open New Units in the Year 2014; Announces Impairment Charges
Jul 24 14
On July 24, 2014, Dunkin' Brands Group, Inc. announced that its board of directors has declared a $0.23 per common share quarterly cash dividend. The dividend is payable on September 3, 2014 to shareholders of record as of the close of business on august 25, 2014. The declaration of any future dividends is subject to the board’s discretion.
The company announced unaudited consolidated financial results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported revenues of $190.9 million against $182.5 million a year ago. Operating income was $87.6 million against $182.5 million a year ago. Adjusted operating income was $94.2 million against $91.2 million a year ago. Net income was $46.2 million against $40.8 million a year ago. Adjusted net income was $50.2 million against $43.9 million a year ago. Diluted earnings per share were $0.43 against $0.38 a year ago. Diluted adjusted earnings per share were $0.47 against $0.41 a year ago. Global system wide sales growth in the second quarter was primarily attributable to global store development and Dunkin' Donuts U.S. comparable store sales growth (which includes stores open 54 weeks or more). Income before income taxes was $70.690 million against $56.197 million a year ago.
For the six months, the company reported revenues of $362.856 million against $344.346 million a year ago. Operating income was $156.654 million against $140.264 million a year ago. Adjusted operating income was $169.789 million against $161.854 million a year ago. Net income attributable to the company was $69.147 million against $64.610 million a year ago. Adjusted net income was $85.783 million against $75.026 million a year ago. Diluted earnings per share were $0.64 against $0.60 a year ago. Diluted adjusted earnings per share were $0.80 against $0.69 a year ago. Income before income taxes was $108.207 million against $93.530 million a year ago. Net cash provided by operating activities was $59.671 million against $9.557 million a year ago. Additions to property and equipment were $10.556 million against $12.507 million a year ago.
The company provided earnings guidance for the year 2014. For the year, the company expects revenue growth of between 5% and 7% (previously it expected 6% to 8% revenue growth) and adjusted operating income growth of between 7% and 9% (previously it expected 10% to 12% adjusted operating income growth).
For the year 2014, internationally, the company continues to target opening 300 to 400 net new restaurants across the two brands. Globally, the company continues to expect to open between 685 and 800 net new units. The company owned 12 net new Baskin-Robbins locations in the U.S.A., and for international, the company opened the 50th Dunkin' Donuts in Germany and first Dunkin' Donuts restaurant in Luxembourg; and on July 1, 2014 the very first Baskin-Robbins outlet in the Philippines.
For the quarter, the company has announced long-lived asset impairment charges of $523 million against $107 million a year ago.
Dunkin' Brands Group, Inc. to Report Q2, 2014 Results on Jul 24, 2014
Jul 10 14
Dunkin' Brands Group, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 24, 2014