Thursday, October 24, 2013

Reuters: Hot Stocks: Dunkin' profit rises as it sells more sandwiches, beverages

Reuters: Hot Stocks
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Dunkin' profit rises as it sells more sandwiches, beverages
Oct 24th 2013, 10:14

Thu Oct 24, 2013 6:14am EDT

Oct 24 (Reuters) - Coffee and doughnut chain Dunkin' Brands Group Inc reported a 36 percent rise in quarterly profit as customers purchased more of its sandwiches and cold beverages.

Dunkin' Donuts U.S. shops reported a 4.2 percent rise in same-store sales in the third quarter ended Sept 28., compared with the 4 percent gain analysts polled by Consensus Metrix had expected.

Net income rose to $40.2 million, or 37 cents per share, from $29.5 million, or 26 cents per share, a year earlier.

On an adjusted basis the company earned 41 cents per share.

Total revenue rose 8.5 percent to $186.3 million. (Reporting by Maria Ajit Thomas and Aditi Shrivastava in Bangalore; Editing by Saumyadeb Chakrabarty)

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