Dunkin' Brands suffers loss in quarter
April 29, 2011
by Eric Schroeder
CANTON, MASS. — Dunkin’ Brands, Inc. sustained a loss of $1.7 million in the first quarter ended March 26, reflecting a non-recurring pre-tax charge of $11 million related to the company’s debt re-pricing. This compared with income of $5.9 million in the same period a year ago. Revenues for the first quarter rose 9% to $139.2 million from $127.4 million. Dunkin’ announced several strategic developments during the first quarter, including the opening of Dunkin’ Donuts 3,000th international location and the signing of an agreement with Jubilant FoodWorks to develop up to 500 Dunkin’ Donuts restaurants in India over the next 15 years.