Dunkin’ Brands 2010 profit dips 23%
CANTON — Dunkin’ Brands Inc., parent of the Dunkin’ Donuts chain and Baskin-Robbins ice cream shops, said yesterday that its annual profit fell 23 percent as the costs of refinancing debt offset its sales growth.
The privately held chain of more than 16,000 restaurants said net income slipped to $26.9 million from $35 million.
Revenue, excluding the portion that franchisees keep, rose 7 percent last year to $577.1 million from $538 million, the company said. Total sales rose nearly 7 percent to $7.7 billion last year.
The company said sales at US locations open at least a year rose 1.6 percent in 2010 from 2009. Dunkin’ Donuts locations reported a 2.3 percent increase in that key comparison in the United States, offsetting a 5.2 percent drop at Baskin-Robbins.