(Commission File Number) | (IRS Employer Identification Number) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Press Release of Dunkin' Brands Group, Inc. dated February 6, 2020 regarding the release of quarterly and annual financial results and other information. | |
Press Release of Dunkin' Brands Group, Inc. dated February 6, 2020 announcing the declaration of a $0.4025 quarterly cash dividend. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
DUNKIN’ BRANDS GROUP, INC. | ||
By: | /s/ David Hoffmann | |
David Hoffmann | ||
Chief Executive Officer |
• | Dunkin' U.S. comparable store sales growth of 2.1% |
• | Baskin-Robbins U.S. comparable store sales growth of 0.8% |
• | Added 385 net new Dunkin' and Baskin-Robbins locations globally, including 211 net new Dunkin' locations in the U.S. |
• | Revenues increased 3.7% |
• | Diluted EPS increased by 6.6% to $2.89 |
• | Diluted adjusted EPS increased by 9.3% to $3.17 |
• | Dunkin' U.S. comparable store sales growth of 2.8% |
• | Baskin-Robbins U.S. comparable store sales growth of 4.1% |
• | Added 146 net new Dunkin' and Baskin-Robbins locations globally, including 76 net new Dunkin' locations in the U.S. |
• | Revenues increased 5.1% |
• | Diluted EPS increased by 7.8% to $0.69 |
• | Diluted adjusted EPS increased by 7.4% to $0.73 |
(Unaudited, $ in millions, except per share data) | Fiscal year ended | Increase (Decrease) | ||||||||
Amounts and percentages may not recalculate due to rounding | December 28, 2019 | December 29, 2018 | $ / # | % | ||||||
Financial data: | ||||||||||
Revenues | $ | 1,370.2 | 1,321.6 | 48.6 | 3.7 | % | ||||
Operating income | 451.1 | 411.8 | 39.2 | 9.5 | % | |||||
Operating income margin | 32.9 | % | 31.2 | % | ||||||
Adjusted operating income(1) | $ | 470.1 | 434.6 | 35.5 | 8.2 | % | ||||
Adjusted operating income margin(1) | 34.3 | % | 32.9 | % | ||||||
Net income | $ | 242.0 | 229.9 | 12.1 | 5.3 | % | ||||
Adjusted net income(1) | 265.1 | 246.3 | 18.8 | 7.6 | % | |||||
Earnings per share: | ||||||||||
Common–basic | 2.92 | 2.75 | 0.17 | 6.2 | % | |||||
Common–diluted | 2.89 | 2.71 | 0.18 | 6.6 | % | |||||
Diluted adjusted earnings per share(1) | 3.17 | 2.90 | 0.27 | 9.3 | % | |||||
Weighted-average number of common shares – diluted (in millions) | 83.7 | 85.0 | (1.3 | ) | (1.5 | )% | ||||
Systemwide sales(2) | $ | 12,174.9 | 11,634.0 | 540.9 | 4.6 | % | ||||
Comparable store sales growth (decline): | ||||||||||
Dunkin' U.S. | 2.1 | % | 0.6 | % | ||||||
BR U.S. | 0.8 | % | (0.6 | )% | ||||||
Dunkin' International | 5.7 | % | 2.2 | % | ||||||
BR International | 1.9 | % | 3.8 | % | ||||||
Development data: | ||||||||||
Consolidated global net POD development | 385 | 392 | (7 | ) | (1.8 | )% | ||||
Dunkin' global PODs at period end | 13,137 | 12,871 | 266 | 2.1 | % | |||||
BR global PODs at period end | 8,160 | 8,041 | 119 | 1.5 | % | |||||
Consolidated global PODs at period end | 21,297 | 20,912 | 385 | 1.8 | % |
(Unaudited, $ in millions, except per share data) | Three months ended | Increase (Decrease) | ||||||||
Amounts and percentages may not recalculate due to rounding | December 28, 2019 | December 29, 2018 | $ / # | % | ||||||
Financial data: | ||||||||||
Revenues | $ | 335.9 | 319.6 | 16.3 | 5.1 | % | ||||
Operating income | 105.7 | 96.6 | 9.1 | 9.4 | % | |||||
Operating income margin | 31.5 | % | 30.2 | % | ||||||
Adjusted operating income(1) | $ | 110.5 | 102.2 | 8.3 | 8.1 | % | ||||
Adjusted operating income margin(1) | 32.9 | % | 32.0 | % | ||||||
Net income | $ | 57.7 | 53.2 | 4.5 | 8.5 | % | ||||
Adjusted net income(1) | 61.2 | 57.3 | 3.9 | 6.8 | % | |||||
Earnings per share: | ||||||||||
Common–basic | 0.70 | 0.64 | 0.06 | 9.4 | % | |||||
Common–diluted | 0.69 | 0.64 | 0.05 | 7.8 | % | |||||
Diluted adjusted earnings per share(1) | 0.73 | 0.68 | 0.05 | 7.4 | % | |||||
Weighted-average number of common shares – diluted (in millions) | 83.7 | 83.7 | 0.0 | (0.1 | )% | |||||
Systemwide sales(2) | $ | 3,049.2 | 2,876.2 | 173.0 | 6.0 | % | ||||
Comparable store sales growth (decline): | ||||||||||
Dunkin' U.S. | 2.8 | % | 0.0 | % | ||||||
BR U.S. | 4.1 | % | (3.7 | )% | ||||||
Dunkin' International | 6.9 | % | 1.1 | % | ||||||
BR International | 3.2 | % | 1.5 | % | ||||||
Development data: | ||||||||||
Consolidated global net POD development | 146 | 148 | (2 | ) | (1.4 | )% | ||||
Dunkin' global PODs at period end | 13,137 | 12,871 | 266 | 2.1 | % | |||||
BR global PODs at period end | 8,160 | 8,041 | 119 | 1.5 | % | |||||
Consolidated global PODs at period end | 21,297 | 20,912 | 385 | 1.8 | % |
Amounts and percentages may not recalculate due to rounding | Three months ended | Increase (Decrease) | ||||||||||
Dunkin' U.S. | December 28, 2019 | December 29, 2018 | $ / # | % | ||||||||
(Unaudited, $ in thousands except as otherwise noted) | ||||||||||||
Revenues: | ||||||||||||
Royalty income | $ | 130,606 | 123,024 | 7,582 | 6.2 | % | ||||||
Franchise fees | 2,779 | 3,717 | (938 | ) | (25.2 | )% | ||||||
Rental income | 29,064 | 24,179 | 4,885 | 20.2 | % | |||||||
Other revenues | 919 | 1,305 | (386 | ) | (29.6 | )% | ||||||
Total revenues | $ | 163,368 | 152,225 | 11,143 | 7.3 | % | ||||||
Segment profit | $ | 124,305 | 119,802 | 4,503 | 3.8 | % | ||||||
Comparable store sales growth | 2.8 | % | 0.0 | % | ||||||||
Systemwide sales (in millions)(1) | $ | 2,353.7 | 2,228.3 | 125.3 | 5.6 | % | ||||||
Points of distribution | 9,630 | 9,419 | 211 | 2.2 | % | |||||||
Gross openings | 123 | 142 | (19 | ) | (13.4 | )% | ||||||
Net openings | 76 | 106 | (30 | ) | (28.3 | )% |
Amounts and percentages may not recalculate due to rounding | Three months ended | Increase (Decrease) | ||||||||||
Dunkin' International | December 28, 2019 | December 29, 2018 | $ / # | % | ||||||||
(Unaudited, $ in thousands except as otherwise noted) | ||||||||||||
Revenues: | ||||||||||||
Royalty income | $ | 5,949 | 5,249 | 700 | 13.3 | % | ||||||
Franchise fees | (385 | ) | 159 | (544 | ) | (342.1 | )% | |||||
Other revenues | 114 | 54 | 60 | 111.1 | % | |||||||
Total revenues | $ | 5,678 | 5,462 | 216 | 4.0 | % | ||||||
Segment profit | $ | 2,852 | 3,140 | (288 | ) | (9.2 | )% | |||||
Comparable store sales growth | 6.9 | % | 1.1 | % | ||||||||
Systemwide sales (in millions)(1) | $ | 225.1 | 206.9 | 18.1 | 8.8 | % | ||||||
Points of distribution | 3,507 | 3,452 | 55 | 1.6 | % | |||||||
Gross openings | 94 | 99 | (5 | ) | (5.1 | )% | ||||||
Net openings | 26 | 25 | 1 | 4.0 | % |
Amounts and percentages may not recalculate due to rounding | Three months ended | Increase (Decrease) | ||||||||||
Baskin-Robbins U.S. | December 28, 2019 | December 29, 2018 | $ / # | % | ||||||||
(Unaudited, $ in thousands except as otherwise noted) | ||||||||||||
Revenues: | ||||||||||||
Royalty income | $ | 5,482 | 5,335 | 147 | 2.8 | % | ||||||
Franchise fees | 373 | 365 | 8 | 2.2 | % | |||||||
Rental income | 689 | 668 | 21 | 3.1 | % | |||||||
Sales of ice cream and other products | 771 | 835 | (64 | ) | (7.7 | )% | ||||||
Other revenues | 1,927 | 1,922 | 5 | 0.3 | % | |||||||
Total revenues | $ | 9,242 | 9,125 | 117 | 1.3 | % | ||||||
Segment profit | $ | 3,822 | 3,918 | (96 | ) | (2.5 | )% | |||||
Comparable store sales growth (decline) | 4.1 | % | (3.7 | )% | ||||||||
Systemwide sales (in millions)(1) | $ | 115.7 | 110.9 | 4.9 | 4.4 | % | ||||||
Points of distribution | 2,524 | 2,550 | (26 | ) | (1.0 | )% | ||||||
Gross openings | 19 | 24 | (5 | ) | (20.8 | )% | ||||||
Net closings | (18 | ) | (8 | ) | (10 | ) | n/m |
Amounts and percentages may not recalculate due to rounding | Three months ended | Increase (Decrease) | ||||||||||
Baskin-Robbins International | December 28, 2019 | December 29, 2018 | $ / # | % | ||||||||
(Unaudited, $ in thousands except as otherwise noted) | ||||||||||||
Revenues: | ||||||||||||
Royalty income | $ | 1,603 | 1,695 | (92 | ) | (5.4 | )% | |||||
Franchise fees | 151 | 184 | (33 | ) | (17.9 | )% | ||||||
Rental income | 227 | 141 | 86 | 61.0 | % | |||||||
Sales of ice cream and other products | 21,165 | 22,278 | (1,113 | ) | (5.0 | )% | ||||||
Other revenues | (37 | ) | 6 | (43 | ) | (716.7 | )% | |||||
Total revenues | $ | 23,109 | 24,304 | (1,195 | ) | (4.9 | )% | |||||
Segment profit | $ | 7,158 | 5,213 | 1,945 | 37.3 | % | ||||||
Comparable store sales growth | 3.2 | % | 1.5 | % | ||||||||
Systemwide sales (in millions)(1) | $ | 354.8 | 330.0 | 24.7 | 7.5 | % | ||||||
Points of distribution | 5,636 | 5,491 | 145 | 2.6 | % | |||||||
Gross openings | 123 | 81 | 42 | 51.9 | % | |||||||
Net openings | 62 | 25 | 37 | 148.0 | % |
Three months ended | Increase (Decrease) | |||||||||||
U.S. Advertising Funds | December 28, 2019 | December 29, 2018 | $ / # | % | ||||||||
(Unaudited, $ in thousands) | ||||||||||||
Revenues: | ||||||||||||
Advertising fees and related income | $ | 118,595 | 113,059 | 5,536 | 4.9 | % | ||||||
Total revenues | $ | 118,595 | 113,059 | 5,536 | 4.9 | % | ||||||
Segment profit | $ | — | — | — | — | % |
• | During the fourth quarter, the Company returned $36.0 million to shareholders, including $31.1 million in dividends and $4.9 million through open market repurchases of approximately 65,000 shares. The Company's shares outstanding as of December 28, 2019 were 82,834,830. |
• | The Company today announced that the Board of Directors declared a cash dividend of $0.4025 per share, payable on March 18, 2020, to shareholders of record as of the close of business on March 9, 2020. This represents a 7.3 percent increase over the prior quarter's dividend. |
• | The Company today announced that the Board of Directors approved a new program for the repurchase of up to $250 million of the Company's common stock. The authorization is good for a period of two years. |
• | The Company expects low-single digit comparable store sales growth for Dunkin' U.S. and low-single digit comparable store sales growth for Baskin-Robbins U.S. |
• | The Company expects to open between 200 to 250 net new Dunkin' U.S. units, excluding approximately 450 limited menu Dunkin’ Speedway locations which are closing under a termination agreement entered into with Speedway and are expected to close by fiscal year end 2020. These locations represented less than 0.5% of Dunkin’ U.S. annual systemwide sales in 2019. As a result of this strategic decision, in 2020 the Company will report development results both with and without the Speedway closures included until the exit is completed. |
• | The Company expects new Dunkin' U.S. restaurants opened in 2020 will contribute greater than $140 million in systemwide sales in 2020. |
• | The Company expects Baskin-Robbins U.S. franchisees to close approximately 25 net units. |
• | The Company expects low-to-mid single digit percent revenue growth. |
• | The Company expects ice cream margin dollars to be flat compared to 2019. |
• | The Company expects net income of equity method investments (JV net income) to be flat compared to 2019. |
• | The Company expects low-single digit percent growth to general and administrative expenses. |
• | The Company expects mid-single digit percent operating and adjusted operating income growth, reflecting an approximately $60 million strategic investment for continued beverage leadership. |
• | The Company expects its full-year effective tax rate to be approximately 27% and expects net interest expense to be approximately $121 million. |
• | The Company expects full-year weighted-average shares outstanding of approximately 84 million. |
• | The Company expects GAAP diluted earnings per share of $2.96 to $3.05 and diluted adjusted earnings per share of $3.16 to $3.21. |
• | The Company expects capital expenditures to be approximately $40 million. |
• | The Company expects low-single digit percent comparable store sales growth for Dunkin' U.S. |
• | The Company expects Dunkin' U.S. franchisees to open between 200 and 250 net new units annually. |
• | The Company expects low-to-mid single digit percent revenue growth. |
• | The Company expects low-single digit percent general and administrative expense growth. |
• | The Company expects mid-to-high single digit percent operating and adjusted operating income growth (in 2021). |
Stacey Caravella (Investors) | Karen Raskopf (Media) | |
Senior Director, Investor Relations | SVP, Corporate Communications | |
Dunkin’ Brands Group, Inc. | Dunkin’ Brands Group, Inc. | |
investor.relations@dunkinbrands.com | karen.raskopf@dunkinbrands.com | |
781-737-3200 | 781-737-5200 |
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES | |||||||||||||
Consolidated Statements of Operations | |||||||||||||
(In thousands, except per share data) | |||||||||||||
(Unaudited) | |||||||||||||
Three months ended | Fiscal year ended | ||||||||||||
December 28, 2019 | December 29, 2018 | December 28, 2019 | December 29, 2018 | ||||||||||
Revenues: | |||||||||||||
Franchise fees and royalty income(1) | $ | 149,621 | 142,602 | 604,431 | 578,342 | ||||||||
Advertising fees and related income | 124,171 | 118,573 | 499,303 | 493,590 | |||||||||
Rental income(2) | 29,980 | 24,988 | 122,671 | 104,413 | |||||||||
Sales of ice cream and other products(1) | 18,962 | 20,413 | 91,362 | 95,197 | |||||||||
Other revenues | 13,183 | 13,048 | 52,460 | 50,075 | |||||||||
Total revenues | 335,917 | 319,624 | 1,370,227 | 1,321,617 | |||||||||
Operating costs and expenses: | |||||||||||||
Occupancy expenses—franchised restaurants(2) | 20,249 | 15,043 | 79,244 | 58,102 | |||||||||
Cost of ice cream and other products | 16,047 | 16,456 | 75,771 | 77,412 | |||||||||
Advertising expenses | 126,857 | 119,736 | 506,755 | 498,019 | |||||||||
General and administrative expenses | 62,220 | 63,670 | 238,678 | 246,792 | |||||||||
Depreciation | 4,513 | 4,837 | 18,429 | 19,932 | |||||||||
Amortization of other intangible assets(2) | 4,596 | 5,201 | 18,454 | 21,113 | |||||||||
Long-lived asset impairment charges | 190 | 439 | 551 | 1,648 | |||||||||
Total operating costs and expenses | 234,672 | 225,382 | 937,882 | 923,018 | |||||||||
Net income of equity method investments | 4,193 | 3,238 | 17,517 | 14,903 | |||||||||
Other operating income (loss), net | 245 | (921 | ) | 1,188 | (1,670 | ) | |||||||
Operating income | 105,683 | 96,559 | 451,050 | 411,832 | |||||||||
Other income (expense), net: | |||||||||||||
Interest income | 2,028 | 2,112 | 9,934 | 7,200 | |||||||||
Interest expense | (31,653 | ) | (31,801 | ) | (128,411 | ) | (128,748 | ) | |||||
Loss on debt extinguishment | — | — | (13,076 | ) | — | ||||||||
Other income (loss), net | 73 | (383 | ) | (235 | ) | (1,083 | ) | ||||||
Total other expense, net | (29,552 | ) | (30,072 | ) | (131,788 | ) | (122,631 | ) | |||||
Income before income taxes | 76,131 | 66,487 | 319,262 | 289,201 | |||||||||
Provision for income taxes | 18,417 | 13,298 | 77,238 | 59,295 | |||||||||
Net income | $ | 57,714 | 53,189 | 242,024 | 229,906 | ||||||||
Earnings per share—basic | $ | 0.70 | 0.64 | 2.92 | 2.75 | ||||||||
Earnings per share—diluted | 0.69 | 0.64 | 2.89 | 2.71 |
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES | |||||||
Consolidated Balance Sheets | |||||||
(In thousands) | |||||||
(Unaudited) | |||||||
December 28, 2019 | December 29, 2018 | ||||||
Assets | |||||||
Current assets: | |||||||
Cash and cash equivalents | $ | 621,152 | 517,594 | ||||
Restricted cash | 85,644 | 79,008 | |||||
Accounts receivable, net | 76,019 | 75,963 | |||||
Notes and other receivables, net | 57,174 | 64,412 | |||||
Prepaid income taxes | 16,701 | 27,005 | |||||
Prepaid expenses and other current assets | 50,611 | 49,491 | |||||
Total current assets | 907,301 | 813,473 | |||||
Property, equipment, and software, net | 223,120 | 209,202 | |||||
Operating lease assets(1) | 371,264 | — | |||||
Equity method investments | 154,812 | 146,395 | |||||
Goodwill | 888,286 | 888,265 | |||||
Other intangible assets, net | 1,302,721 | 1,334,767 | |||||
Other assets | 72,520 | 64,479 | |||||
Total assets | $ | 3,920,024 | 3,456,581 | ||||
Liabilities and Stockholders’ Deficit | |||||||
Current liabilities: | |||||||
Current portion of long-term debt | $ | 31,150 | 31,650 | ||||
Operating lease liabilities(1) | 35,863 | — | |||||
Accounts payable | 89,413 | 80,037 | |||||
Deferred revenue | 39,950 | 38,541 | |||||
Other current liabilities | 386,050 | 389,353 | |||||
Total current liabilities | 582,426 | 539,581 | |||||
Long-term debt, net | 3,004,216 | 3,010,626 | |||||
Operating lease liabilities(1) | 380,647 | — | |||||
Deferred revenue | 324,854 | 331,980 | |||||
Deferred income taxes, net | 197,673 | 204,027 | |||||
Other long-term liabilities | 18,218 | 83,164 | |||||
Total long-term liabilities | 3,925,608 | 3,629,797 | |||||
Stockholders' deficit: | |||||||
Common stock | 83 | 82 | |||||
Additional paid-in capital | 561,345 | 642,017 | |||||
Treasury stock, at cost | (64 | ) | (1,060 | ) | |||
Accumulated deficit | (1,129,565 | ) | (1,338,709 | ) | |||
Accumulated other comprehensive loss | (19,809 | ) | (15,127 | ) | |||
Total stockholders’ deficit | (588,010 | ) | (712,797 | ) | |||
Total liabilities and stockholders’ deficit | $ | 3,920,024 | 3,456,581 |
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES | |||||||
Condensed Consolidated Statements of Cash Flows | |||||||
(In thousands) | |||||||
(Unaudited) | |||||||
Fiscal year ended | |||||||
December 28, 2019 | December 29, 2018 | ||||||
Net cash provided by operating activities | $ | 297,734 | 268,955 | ||||
Cash flows from investing activities: | |||||||
Additions to property, equipment, and software | (36,762 | ) | (51,855 | ) | |||
Other, net | 1,270 | 20 | |||||
Net cash used in investing activities | (35,492 | ) | (51,835 | ) | |||
Cash flows from financing activities: | |||||||
Proceeds from issuance of long-term debt | 1,700,000 | — | |||||
Repayment of long-term debt | (1,707,025 | ) | (31,600 | ) | |||
Payment of debt issuance and other debt-related costs | (17,937 | ) | — | ||||
Dividends paid on common stock | (124,089 | ) | (114,828 | ) | |||
Repurchases of common stock, including accelerated share repurchases | (29,715 | ) | (680,368 | ) | |||
Exercise of stock options | 30,729 | 95,331 | |||||
Other, net | (4,611 | ) | (895 | ) | |||
Net cash used in financing activities | (152,648 | ) | (732,360 | ) | |||
Effect of exchange rates on cash, cash equivalents, and restricted cash | 62 | (538 | ) | ||||
Increase (decrease) in cash, cash equivalents, and restricted cash | 109,656 | (515,778 | ) | ||||
Cash, cash equivalents, and restricted cash, beginning of period | 598,321 | 1,114,099 | |||||
Cash, cash equivalents, and restricted cash, end of period | $ | 707,977 | 598,321 |
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES | |||||||||||||
Non-GAAP Reconciliations | |||||||||||||
(In thousands, except share and per share data) | |||||||||||||
(Unaudited) | |||||||||||||
Three months ended | Fiscal year ended | ||||||||||||
December 28, 2019 | December 29, 2018 | December 28, 2019 | December 29, 2018 | ||||||||||
Operating income | $ | 105,683 | 96,559 | 451,050 | 411,832 | ||||||||
Operating income margin | 31.5 | % | 30.2 | % | 32.9 | % | 31.2 | % | |||||
Adjustments: | |||||||||||||
Amortization of other intangible assets | $ | 4,596 | 5,201 | 18,454 | 21,113 | ||||||||
Long-lived asset impairment charges | 190 | 439 | 551 | 1,648 | |||||||||
Adjusted operating income | $ | 110,469 | 102,199 | 470,055 | 434,593 | ||||||||
Adjusted operating income margin | 32.9 | % | 32.0 | % | 34.3 | % | 32.9 | % | |||||
Net income | $ | 57,714 | 53,189 | 242,024 | 229,906 | ||||||||
Adjustments: | |||||||||||||
Amortization of other intangible assets | 4,596 | 5,201 | 18,454 | 21,113 | |||||||||
Long-lived asset impairment charges | 190 | 439 | 551 | 1,648 | |||||||||
Loss on debt extinguishment | — | — | 13,076 | — | |||||||||
Tax impact of adjustments(1) | (1,340 | ) | (1,579 | ) | (8,983 | ) | (6,373 | ) | |||||
Adjusted net income | $ | 61,160 | 57,250 | 265,122 | 246,294 | ||||||||
Adjusted net income | $ | 61,160 | 57,250 | 265,122 | 246,294 | ||||||||
Weighted-average number of common shares – diluted | 83,702,261 | 83,744,361 | 83,674,613 | 84,960,791 | |||||||||
Diluted adjusted earnings per share | $ | 0.73 | 0.68 | 3.17 | 2.90 | ||||||||
(1) Tax impact of adjustments calculated at a 28% effective tax rate. |
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES | ||||||||||
Non-GAAP Reconciliations (continued) | ||||||||||
(Unaudited) |
Fiscal year ended December 26, 2020 | |||||||
Low | High | ||||||
(projected) | (projected) | ||||||
Diluted earnings per share | $ | 2.96 | 3.05 | ||||
Adjustments: | |||||||
Amortization of other intangible assets | 0.23 | 0.22 | |||||
Long-lived asset impairment charges | 0.04 | — | |||||
Tax impact of adjustments(1) | (0.07 | ) | (0.06 | ) | |||
Diluted adjusted earnings per share | $ | 3.16 | 3.21 | ||||
(1) Tax impact of adjustments calculated at a 28% effective tax rate. |
Stacey Caravella (Investors) | Michelle King (Media) | |
Sr. Director, Investor Relations | Sr. Director, Global Public Relations | |
Dunkin’ Brands Group, Inc. | Dunkin’ Brands Group, Inc. | |
investor.relations@dunkinbrands.com | michelle.king@dunkinbrands.com | |
781-737-3200 | 781-737-5200 |
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Document and Entity Information Document |
Feb. 06, 2020 |
---|---|
Cover page. | |
Document Type | 8-K |
Document Period End Date | Feb. 06, 2020 |
Entity Registrant Name | DUNKIN’ BRANDS GROUP, INC. |
Entity Central Index Key | 0001357204 |
Amendment Flag | false |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-35258 |
Entity Tax Identification Number | 20-4145825 |
Entity Address, Address Line One | 130 Royall Street |
Entity Address, City or Town | Canton |
Entity Address, State or Province | MA |
Entity Address, Postal Zip Code | 02021 |
City Area Code | 781 |
Local Phone Number | 737-3000 |
Title of 12(b) Security | Common Stock, $0.001 par value per share |
Trading Symbol | DNKN |
Security Exchange Name | NASDAQ |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
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