Dunkin’ Brands Group Inc., which has donut-coffee and ice cream shops throughout Connecticut, said Wednesday that its second-quarter earnings were nearly flat as the company focused on its U.S. expansion efforts and aggressive growth overseas, The Associated Press reports.
The Canton, Mass., parent of Dunkin’ Donuts and Baskin-Robbins earned $17.2 million for the three months ended June 25. That compares with $17.3 million in the prior-year period. The company that went public in July did not provide per-share results.
Excluding impairment charges and other items, adjusted earnings slipped 4 percent to $24.7 million from $25.6 million.
Revenue climbed 4 percent to $157 million from $150.4 million.
Revenue from stores open 54 weeks or more rose 3.2 percent, helped by a 3.8 percent increase at Dunkin’ Donuts stores in the U.S. Revenue from Baskin-Robbins U.S. stores open at least a year fell 2.8 percent.
This figure is a key gauge of a retailer’s health because it excludes results from stores opened or closed during the 54 weeks.
Dunkin’ Brands said franchisees and licensees opened 140 new Dunkin’ Donuts and Baskin-Robbins around the world during the second quarter.
