August 3, 2011
Dunkin' Brands Group Brews Some So-So Profits
By Christina Davis
Fresh off its July 28 Initial Public Offering, Canton-based Dunkin' Brands Group reported a $17.2 million profit during the second quarter, a slight decrease from the $17.3 million profit the company recorded during the same quarter a year ago.
While profits were relatively flat, revenues were up, increasing 4.4 percent to $157 million.
U.S. comparable store sales increased 3.2 percent.
The company also reported that its franchisees and licensees opened 140 net new Dunkin' Donuts and Baskin-Robbins locations during the quarter.
The IPO brought in enough capital to allow the firm to reduce its annual interest expense by 50 percent to approximately $60 million.
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