Dunkin' Brands (DNKN) Tops Q4 EPS by 3c

Dunkin' Brands (NASDAQ: DNKN) reported Q4 EPS of $0.64, $0.03 better than the analyst estimate of $0.61. Revenue for the quarter came in at $215.7 million versus the consensus estimate of $215.53 million.

• Dunkin' Donuts U.S. comparable store sales growth of 1.9%
• Baskin-Robbins U.S. comparable store sales decline of 0.9%

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This past year was one of significant achievement for Dunkin' Donuts U.S. We began executing against a six-part strategy to drive growth by positioning Dunkin' as a to-go, coffee beverages brand, and while much work remains, we made considerable progress with our plan, in particular with utilizing digital technology to drive customer loyalty and store traffic. We now have more than 6 million Perks members, have launched On-The-Go ordering nationally, have grown mobile payments by nearly 70 percent, and had nearly $1 billion in systemwide sales on the Dunkin' Gift Card, the backbone of our digital ecosystem, as a form of payment," said Nigel Travis, Dunkin' Brands Chairman and CEO. "We also made considerable progress with our efforts to increase consumption of Dunkin' Donuts coffee through our consumer packaged goods initiative and last summer signed an agreement with The Coca-Cola Company, along with its bottling partners, to manufacture, distribute and sell Dunkin' Donuts branded ready-to-drink bottled iced coffee beverages. Between retail sales of Dunkin' bottled iced coffee, K-Cups, bagged coffee and in-restaurant system-wide sales of ready-brewed coffee, we expect consumers to drink nearly 5 billion cups of Dunkin' Donuts coffee globally in 2017."

"We're proud to have delivered our operating income growth target and exceeded our earnings per share target for the fiscal year 2016. Additionally, we're pleased to announce this morning that the Board of Directors increased our quarterly dividend by 7.5 percent over the prior quarter," said Paul Carbone, Dunkin' Brands Chief Financial Officer.

For earnings history and earnings-related data on Dunkin' Brands (DNKN) click here.

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