Dunkin’ Brands sales rose 7 percent last year
Dunkin' Brands Inc., , the Canton-based parent company of Dunkin' Donuts and the Baskin-Robbins ice cream chain, said its system-wide revenues for its last fiscal year were $7.7 billion, up 7 percent from fiscal 2009 revenues of $7.2 billion.
In a metric closely watched on Wall Street, sales at US stores open at least a year were up 1.6 percent for the fiscal year that ended Dec. 25, the chain said. This metric screens out sales at recently opened stores as well as sales at locations that were closed. Dunkin' Brands calls that metric "comparable store sales," though others call it "same-store sales."
During 2010, Dunkin' Brands continued its aggressive expansion. All told, 800 global net new Dunkin' Donuts and Baskin-Robbins locations opened last year, bringing the company's total points of distribution to 16,193 in 52 countries.
Comparable store sales were up 2.3 percent at Dunkin' Donuts in the US and down 5.2 percent at Baskin-Robbins in the US, Dunkin' Brands said in a press release.
The Dunkin' Brands chains include both company owned stores and franchise owned stores.
The actual revenue to Dunkin' Brands was $577.1 million, up about 7 percent from $538.1 million for fiscal 2009, the company said.
"Net income for fiscal 2010 was $26.9 million as compared to $35.0 million in fiscal 2009 representing approximately a 23 percent decrease, primarily impacted by non-recurring pre-tax expenses of $62.0 million related to debt extinguishment, partially offset by a decrease in the company's effective tax rate," Dunkin' Brands said in a press release.
In a statement, Dunkin' Brands chief executive Nigel Travis said: "Our strategy has been to drive comparable store sales growth in our core US markets, expand contiguously in the US with a replicable business model, and drive accelerated international growth across both brands. This strategy will continue to guide us for the next several years."