Actionable news
0
All posts from Actionable news
Actionable news in DNKN: Dunkin' Brands Group, Inc.,

Congratulations to McDonald's, but We Are Rocking Too: Dunkin' Donuts CEO

And the winner of the fast-food wars in the second quarter: McDonald's (MCD) , thanks to a flood of offers for $1 hot coffee and $2 iced frappes.

Dunkin' Brands (DNKN) reported Thursday that same-store sales at its U.S. Dunkin' Donuts chain rose 0.8%, falling short of Wall Street's estimate for a 1.3% increase. Net sales came in at $218.5 million compared to analyst forecasts for $220.7 million. Dunkin' did manage to beat on earnings, notching 64 cents a share vs. the 61 cents a share expected.

The coffee and donut chain reaffirmed its Dunkin' U.S. same-store sales estimate for the year of a low-single digit increase. Earnings are still seen in the range of $2.40 to $2.43 a share.

It was a slightly different story at McDonald's on Tuesday.

In the U.S., McDonald's same-restaurant sales increased 3.9%, versus the 3.1% expectation on Wall Street. Globally, they rose 6.6%.

TheStreet spoke with Dunkin' Brands CEO CEO Nigel Travis on Wednesday about what the future of Dunkin' holds. What follows is a condensed and edited version of our conversation.

Q: It sounds like you're developing a new restaurant layout. Anything you can peal back on that, what that might look like?

Travis: Dave [Hoffmann, president of Dunkin' Donuts U.S. and Canada] has done a lot of great things for this business. I think he's really helped us realize the value of drive-thrus, so that's one point. Secondly, I think we were already a digital leader. We didn't talk a lot about it on the...


More