Comment on Dunkin' says bad weather hurt profit

Dunkin' says bad weather hurt profit

NEW YORK (AP) — Dunkin' Brands on Thursday reported a lower profit for its first quarter, citing severe weather for dampening its U.S. sales. Its net income and sales missed Wall Street expectations and shares fell 3 percent to $47.59 in premarket trading. The company, which also owns ice cream chain Baskin-Robbins, nevertheless stood by its outlook for the year. At Dunkin' Donuts stores in the U.S., which account for nearly three-quarters of the company's sales, sales edged up 1.2 percent at established locations.Read more on NewsOK.com

 

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