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Dunkin’ Donuts Q2 profit doubles
Canton, Mass. — Dunkin’ Brands Group, parent of Dunkin’ Donuts, beat Wall Street expectations by more than doubling its second-quarter profit. The company reported a profit of $40.8 million for the period ended June 29, up from $18.5 million a year ago. The year-earlier period included a $20.7 million increase in a litigation reserve.
Revenue increased 5.9% to $182.5 million from $172.4 million. U.S. same-store sales rose 4% at Dunkin' Donuts shops and improved 1.6% at Baskin-Robbins shops.
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Dunkin’ Donuts to enter Southern California; signs agreements for 45 locations
Canton, Mass. -- Dunkin’ Donuts announced that it has signed its first Southern California multi-unit store development agreements, with four franchise groups for a total commitment of 45 locations.
The first restaurants are expected to open in 2015 in Orange and Los Angeles counties. Some non-traditional Dunkin' Donuts locations may open over the next several months.