Dunkin’ Earnings: Here’s Why the Stock is Rising Now
Dunkin’ Brands Group Inc (NASDAQ:DNKN) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.87%.
Dunkin’ Brands Group Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 16% to $0.29 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 6.23% to $161.86 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dunkin’ Brands Group Inc reported adjusted EPS income of $0.29 per share. By that measure, the company missed the mean analyst estimate of $0.29. It beat the average revenue estimate of $161.16 million.
Quoting Management: “We are proud to continue our partnership with Universal Music Latin Entertainment and their exciting event that celebrates the accomplishments in Latin music and entertainment,” said John Costello, President, Global Marketing and Innovation at Dunkin’ Brands. “This partnership offers an exciting opportunity for Dunkin’ Donuts to build brand loyalty and deepen our relationships with our Hispanic guests.”
Key Stats (on next page)…