5 Key Points From Dunkin' Brands' Earnings Conference Call
The last three months comprised a somewhat lackluster quarter for quick-service stalwart Dunkin' Brands(NASDAQ: DNKN). Third-quarter 2017 comparable-store sales for U.S. Dunkin' Donuts locations improved just 0.6%. Even backing out effects attributed to Hurricane Irma, Dunkin' Donuts' U.S. comps would only have improved by 1.1% during the quarter.
The company's management team, which has been tinkering with growth initiatives to push comps higher, provided tangible evidence during the company's October 26th earnings conference call that revenue might rebound in the coming quarters. Below, let's review a few key takeaways from discussion of these initiatives, as well as one bit of financial housekeeping current shareholders should be aware of.
Phase I of our plan focuses on reclaiming our superiority in the morning, which is our dominant daypart, with 60% of sales taking place before 11:00 a.m. We're encouraged by our morning sales performance, which has comped positively and sequentially increased on a comp basis each quarter in 2017. -- David Hoffmann, President of Dunkin' Donuts U.S. and Canada
Source: Fool.com
