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Dunkin’ Brands profits declined in Q1 2013

RBR Staff Writer Published 29 April 2013

Dunkin’ Brands Group, the US-based owner of Dunkin’ Donuts and Baskin-Robbins chains, has reported a fall in net income to $23.8m for the first quarter (Q1) ended 30 March 2013 compared to $26m in the first quarter last year.

Revenues for the first quarter of 2013 were $161.9m, an increase from $152.4m in the corresponding quarter of previous fiscal.

The chain's operating income for Q1 ended 30 March 2013 amounted $63.5m compared to $55.2m in the prior year period.

Dunkin' Donuts US comparable store sales grew by 1.7% while Baskin-Robbins' US comparable store sales declined by 4.4%.

During the quarter, Dunkin' Brands franchisees and licensees opened 108 new outlets across the world, including 78 net new Dunkin' Donuts in the US.

Dunkin' Brands Group chief executive officer Nigel Travis said, "Our business is strong, and we remain confident with our full-year financial targets for 2013, despite the significant impact weather had on both Dunkin' Donuts and Baskin-Robbins in the U.S. during the first quarter."