Dunkin’ Brands Group Inc (NASDAQ:DNKN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Shares are up 2.12%.
Dunkin’ Brands Group Inc Earnings Cheat Sheet
Results: Net income increased 195.94% to $34.3 million (34 cents per diluted share) in the quarter versus a net gain of $11.59 million in the year-earlier quarter.
Revenue: Decreased 4.04% to $161.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dunkin’ Brands Group Inc reported adjusted net income of 34 cents per share. By that measure, the company beat the mean analyst estimate of $0.33. It missed the average revenue estimate of $170.85 million.
Quoting Management: “The fourth quarter was strong, and we finished 2012 delivering 15 percent plus adjusted operating income growth and nearly 40 percent adjusted earnings per share growth year-over-year,” said Nigel Travis, Chief Executive Officer, Dunkin’ Brands Group, Inc., and President, Dunkin’ Donuts U.S. “We have the unique combination of strong brand heritage and significant U.S. and global restaurant expansion opportunities, which we are capitalizing on to drive profitable growth for both our franchisees and shareholders…