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It won’t be long now before you are able to find a policeman when you need one. Just head for the nearest Dunkin’ Donuts (NASDAQ:DNKN). That’s right, Dunkin’ Donuts is coming back to London after two decades.
The company announced yesterday that it was on a mission to rescue Londoners from the jaws of Krispy Kreme, which has attempted to fill the void left by Dunkin’ when it left town in the 1990’s. Dunkin’ plans to open 50 of its stores in the Greater London area over the next five years and a total of 150 throughout the UK during the same period.
Dunkin’ has both grown and evolved since its last foray in the UK. Their coffee has become wildly popular since they changed their blend, and the addition of sandwiches has enabled the chain to attract an additional, different breakfast crowd other than policemen and wanna-be diabetics. This time Dunkin’ will arrive in London with teas, muffins, croissants in addition to coffee and donuts. They will also feature espresso-based coffees as they gear up to compete against the likes of Starbucks and McDonalds in addition to Krispy Kreme. They have even added an Angus Steak Big N’ Toasted® sandwich to their expanding menu.
Dunkin’ Donuts now has over 10,500 restaurants. 3,100 of those are spread across 30 other countries and offer specialty products that appeal to the particular tastes of many of those. The company lays claim to being the world’s leading backed goods and coffee chain, an accomplishment that many people would reckon belongs to Starbucks. Yet, Dunkin’ serves an average of more than five million customers per day. The Dunkin’ Brands Group, which includes Baskin-Robbins, boast a total 17,000 retail units worldwide.
Dunkin’ Brands share prices is currently $44.63, having show rather steady growth over the past two years. On September 1, 2011, The share price was $27.70. Except for November and December of 2011, Dunkin’s stock as climbed steadily to its current position.
For the quarter ending June 29, 2013 Dunkin reported a revenue increase year-on-year of 5.9% to $182.5 million and a 6.0% increase for the first six months. Total operating expenses were down for both periods, yielding pre-tax profit of $56.2 million for the quarter and $93.5 million for the first six months, increases of 91.7% and 37.6% respectively.
Dunkin’s share price on the rise after the opening bell this morning. It is not at $45.85, as investors applaud the company’s progress and plans.
