We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dunkin' Donuts on Track with North Carolina Expansion Plans
Read MoreHide Full Article
The fast food giant, Dunkin’ Donuts, which is part of Dunkin’ Brands Group, Inc. , is geared up to expand further in North Carolina. The company has inked a multi-unit store development agreement with Safari Foods Inc. whereby it plans to build six restaurants in Greenville and three new restaurants in Raleigh-Durham over the next few years.
Franchisee group Safari Foods is owned by the Daughtridge family and has more than 80 years of experience in the gas, convenience and quick service restaurant industries. Subsequent to the agreement, the group has been operating five Dunkin' Donuts restaurants in Halifax, Greenville, Rock Mount and Wilson, since joining the brand in 2007.
This agreement is in sync with the company’s plan to fuel growth in North Carolina. Currently, the state is home to over 300 Dunkin’ Donuts outlets. Moreover, the company is offering special development incentives like reduced royalty fees and marketing support in order to continue recruiting more franchisees.
Apart from foraying into domestic markets, the company is also looking to expand its footprint internationally in the emerging markets of Asia and the Middle East. However, it is set to face tough competition from other food & beverages giants like McDonald’s Corporation (MCD - Free Report) , Starbucks Corporation (SBUX - Free Report) and YUM! Brands, Inc. (YUM - Free Report) that intend to follow similar strategies.
Nonetheless, going forward, Dunkin’s focus on improving its beverage portfolio, continuing menu innovation and strong digital initiatives bode well for the company’s sales.
Recently, the company posted mixed third-quarter 2016 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line lagged the same. We note that the bottom line has surpassed estimates in each of the trailing four quarters with an average beat of 2.89%.
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dunkin' Donuts on Track with North Carolina Expansion Plans
The fast food giant, Dunkin’ Donuts, which is part of Dunkin’ Brands Group, Inc. , is geared up to expand further in North Carolina. The company has inked a multi-unit store development agreement with Safari Foods Inc. whereby it plans to build six restaurants in Greenville and three new restaurants in Raleigh-Durham over the next few years.
Franchisee group Safari Foods is owned by the Daughtridge family and has more than 80 years of experience in the gas, convenience and quick service restaurant industries. Subsequent to the agreement, the group has been operating five Dunkin' Donuts restaurants in Halifax, Greenville, Rock Mount and Wilson, since joining the brand in 2007.
This agreement is in sync with the company’s plan to fuel growth in North Carolina. Currently, the state is home to over 300 Dunkin’ Donuts outlets. Moreover, the company is offering special development incentives like reduced royalty fees and marketing support in order to continue recruiting more franchisees.
Apart from foraying into domestic markets, the company is also looking to expand its footprint internationally in the emerging markets of Asia and the Middle East. However, it is set to face tough competition from other food & beverages giants like McDonald’s Corporation (MCD - Free Report) , Starbucks Corporation (SBUX - Free Report) and YUM! Brands, Inc. (YUM - Free Report) that intend to follow similar strategies.
Nonetheless, going forward, Dunkin’s focus on improving its beverage portfolio, continuing menu innovation and strong digital initiatives bode well for the company’s sales.
DUNKIN BRANDS Price
DUNKIN BRANDS Price | DUNKIN BRANDS Quote
Recently, the company posted mixed third-quarter 2016 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line lagged the same. We note that the bottom line has surpassed estimates in each of the trailing four quarters with an average beat of 2.89%.
Dunkin’ currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>