…Our contiguous, strategic development approach is working, and we’re excited to begin selling Dunkin’ Donuts franchises in California. Despite macro-economic instability and a tough competitive environment, consumer and franchisee demand for Dunkin’ Donuts is high, our franchisee relationships are strong, and we continue to leverage our asset-light business model giving us confidence to target 15 percent plus adjusted earnings per share growth in 2013.”
Revenue decreased 5.84% from $171.72 million in the previous quarter. Net income increased 16.15% from $29.53 million in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.29 and has not changed. For the current year, the average estimate is a profit of $1.27, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials.)