Dunkin' Brands Q3 Profit Tops View, Revenue Misses - Quick Facts

(RTTNews) - Dunkin' Brands Group, Inc. (DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, Thursday said third-quarter net income attributable to the company advanced to $54.7 million from $40.22 million last year. Earnings per share grew to $0.52 from $0.37.

Adjusted earnings per share was $0.49, while it totaled $0.41 last year. On average, analysts polled by Thomson Reuters expected earnings of $0.47 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues improved to $192.64 million from $186.32 million in the prior year. Analysts expected revenues of $196.92 million.

Dunkin' Donuts U.S. comparable store sales growth was 2 percent, and that of Baskin-Robbins was 5.8 percent.

Paul Carbone, CFO, said, "It will be a challenge to achieve the low-end of our full-year Dunkin' Donuts U.S. comparable store sales growth target of two to three percent, but we remain confident we will achieve our other development and financial performance targets for 2014."

The company also announced that the Board of Directors declared a fourth quarter cash dividend of $0.23 per share, payable on December 3, to shareholders of record on November 24.