October 31, 2019 / 10:10 AM / 17 days ago

Dunkin' misses U.S. same-store sales estimates

Oct 31 (Reuters) - Dunkin’ Brands Group Inc reported lower-than-expected quarterly same-store sales in its namesake donut and coffee chain on Thursday, as it struggled to attract diners in a crowded breakfast and coffee market in the United States.

Comparable sales at Dunkin’s U.S. stores grew 1.5% in the third-quarter ended Sept. 28, below the estimates of 1.7% rise, according to IBES data from Refinitiv.

Net income rose to $72.4 million, or 86 cents per share, from $66.1 million, or 79 cents per share, a year earlier.

Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur

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