Dunkin’ Brands Isn’t Just An International Growth Story, It’s A California Growth Story Too | Seeking Alpha
Dunkin’ Brands Isn’t Just An International Growth Story, It’s A California Growth Story Too
My article on Dunkin’ Brands Group for Seeking Alpha
Following a stellar 47.94% rise in the $5B franchisor of Dunkin’ Donuts and Baskin-Robbins restaurants, Dunkin’ Brands Group (NASDAQ:DNKN), shares have treaded water in 2014, with a year-to-date loss of 4.95%. Dunkin’ was trading at its lowest point of the year on July 24th, after reporting Q2 EPS of $0.47 vs. the consensus estimate of $0.47 (14.6% year-over-year increase) and revenue of $190.9M vs. $198.5M estimates (4.6% year-over-year increase). Management lowered U.S. comp store sales guidance to +2%-3% from +3%-4%, which was a major reason investors sent the stock lower by over 4% at one point on the day of the earnings release. Full-year EPS and revenue growth guidance was also cut to $1.73-$1.77 (+5%-7% revenue growth) vs. prior expectations of $1.79-$1.83 (+6%-8% revenue growth)…Click here to read the rest of my article on Dunkin’ Brands.