Dunkin’ Turns Last Year’s Losses Around
Dunkin’ Brands Group Inc (NASDAQ:DNKN) reported a profitable quarter compared to their loss a year ago. Their net income increased from a loss of $15.3 million last year to $11.6 million this year.
The company, owners of Dunkin’ Donuts and Baskin-Robbins, attributes the profit to the sale of their K-cup single-serve coffee refills — licensed from Green Mountain Coffee Roasters (NASDAQ:GMCR) — and breakfast deals. Holiday cakes and cake bites sold in their Baskin-Robbins stores also helped boost their profits. Shares of Dunkin’ Brands have gained more than 50 percent from $19 when they debuted last July.
Here’s how shares of DNKN and GMCR are reacting to the news:
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): GMCR shares recently traded at $65.25, down $0.03, or 0.05%. They have traded in a 52-week range of $39.23 to $115.98. Volume today was 1,173,837 shares versus a 3-month average volume of 7,568,510 shares. The company’s trailing P/E is 33.87, while trailing earnings are $1.94 per share.
Dunkin’ Brands Group Inc (NASDAQ:DNKN): DNKN shares recently traded at $28.41, down $0.6, or 2.07%. They have traded in a 52-week range of $23.24 to $31.94. Volume today was 978,946 shares versus a 3-month average volume of 1,070,240 shares. The company’s trailing P/E is 47.39, while trailing earnings are $0.60 per share.