Dunkin’ Brands Group Inc. on Thursday reported first quarter net income of $52.3 million.
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On a per-share basis, the Canton, Massachusetts-based company said it had profit of 63 cents. Earnings, adjusted for one-time gains and costs, came to 67 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The owner of the Dunkin’ Donuts and Baskin-Robbin chains posted revenue of $319.1 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $313.2 million.
Dunkin’ expects full-year earnings in the range of $2.94 to $2.99 per share.
Dunkin’ shares have risen 15% since the beginning of the year. The stock has increased 18% in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on DNKN at https://www.zacks.com/ap/DNKN
