Dunkin Brands (DNKN) reported earnings on Thur 21 Jul 2016 (b/o)

** charts after earnings **

 

Dunkin Brands beats by $0.01, misses on revs; reaffirms FY16 EPS guidance, lowers and guides FY16 revs below consensus :

• Reports Q2 (Jun) earnings of $0.57 per share, $0.01 better than the Capital IQ Consensus of $0.56; revenues rose 2.3% year/year to $216.3 mln vs the $219.93 mln Capital IQ Consensus.
  • Dunkin' Donuts U.S. comparable store sales growth of 0.5%
  • Baskin-Robbins U.S. comparable store sales growth of 0.6%
  • Added 198 net new restaurants worldwide, including 73 net new Dunkin' Donuts in the U.S.
• Co issues guidance for FY16, sees EPS of $2.20-2.22 vs. $2.21 Capital IQ Consensus Estimate; sees FY16 revs of +3-5% YoY to $835-851.5 mln vs. $854.93 mln Capital IQ Consensus Estimate, compared to prior guidance of +4-6% to $843-859.6 mln
• The Company continues to expect Dunkin' Donuts U.S. comparable store sales growth of 0 to 2% and Baskin-Robbins U.S. comparable store sales growth of 1-3%.
• The Company continues to expect that Dunkin' Donuts U.S. will add between 430 and 460 net new restaurants