Categories Consumer, Earnings

Dunkin’ Brands Group (DNKN): Q4 2019 Earnings Snapshot

— Dunkin’ Brands Group Inc. (NASDAQ: DNKN) reported a 7.4% year-over-year growth in adjusted earnings to $0.73 per share versus $0.69 per share expected.

— Revenue increased by 5.1% to $335.9 million versus $336.17 million expected. This was driven by increases in royalty income and advertising fees and related income as a result of Dunkin’ US systemwide sales growth, as well as an increase in rental income.

Earnings Update by AlphaStreet

— Global systemwide sales increased by 6% driven by global comparable store sales growth and global store development.

— Dunkin’ US comparable store sales increased by 2.8% in the fourth quarter, the highest quarterly comparable sales growth in six years, fueled by espresso and cold brew sales, coupled with the launch of the Beyond Sausage Sandwich.

— Baskin-Robbins’ US comparable-store sales grew by 4.1%. This was driven by an increase in the average ticket and an increase in traffic. The growth was led by the strong performance of cups and cones, beverages, take home, and sundaes.

— In the fourth quarter, Dunkin’ Brands franchisees and licensees opened 146 net new restaurants globally.

— Looking ahead into fiscal 2020, the company expects low-single-digit comparable store sales growth for the Dunkin’ US and low-single-digit comparable store sales growth for Baskin-Robbins US.

— Revenue growth is expected to be in low-to-mid single digit for fiscal 2020. The earnings are predicted to be $2.96-3.05 per share and adjusted earnings are anticipated to be $3.16-3.21 per share. The consensus estimates EPS of $3.29 on revenue growth of 3.4%.

Read: Sysco Q2 earnings review

— For fiscal 2021, the company still sees low-to-mid single-digit percent revenue growth and low-single-digit percent comparable store sales growth for Dunkin’ US.

— Further, the company’s board declared a cash dividend of $0.4025 per share, payable on March 18, 2020, to shareholders of record as of March 9, 2020. This represents a 7.3% increase over the prior quarter’s dividend.

— The board also approved a new program for the repurchase of up to $250 million of the company’s common stock with two years’ authorization.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

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