Trefis Team
Dunkin’ Brands (click here) reported mixed results in the first fiscal quarter of 2014, as comparable store sales growth in the U.S. declined to 1.2 % compared to the 1.7% achieved during the same period last year. This was mainly due to the adverse weather conditions in North America. The decline in comparable store sales was more than offset by a significantly higher 6.2% increase in total revenues to $172 million, due to the increased sales of ice cream products as well as increased royalty income. Additionally, net income dropped 3.5% to $23 million, primarily due to a $13.7 million loss on debt extinguishment and refinancing transactions, as well as an increase in income tax expenses....
