Dunkin Brands (DNKN) reported earnings on Thur 9 Feb 2017 (b/o)

** charts after earnings **

 

 

Dunkin Brands beats by $0.03, reports revs in-line; guides FY17 EPS below consensus; raises dividend 7.5%:

• Reports Q4 (Dec) earnings of $0.64 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.61; revenues rose 5.8% year/year to $215.7 mln vs the $215.76 mln Capital IQ Consensus.
• Dunkin' Donuts U.S. comparable store sales growth of 1.9% Baskin-Robbins U.S. comparable store sales decline of 0.9%
• Co issues downside guidance for FY17, sees EPS of $2.34-2.37 vs. $2.42 Capital IQ Consensus Estimate. 
• The Company expects low single digit comparable store sales growth for Dunkin' Donuts U.S. and Baskin-Robbins U.S. The Company expects Dunkin' Donuts U.S. franchisees to add ~385 net new restaurants. It expects Baskin-Robbins U.S. franchisees to add ~10 net new restaurants. Internationally, the Company expects franchisees and licensees to add ~200 net new restaurants across the two brands. The Company expects low-to-mid single digit revenue growth on both a 52- and 53-week basis (fiscal year 2016 was a 53-week year).
• Board of Directors has declared a quarterly cash dividend to shareholders. The dividend of $0.3225 per share of common stock is payable on March 22, 2017 to shareholders of record as of the close of business on March 13, 2017. This represents a 7.5 percent increase over the prior quarter's dividend.