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Dunkin' Donuts Expands in Minneapolis with New Restaurant
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Dunkin' Donuts of Dunkin' Brands Group, Inc. has announced the opening of a new restaurant at Minneapolis-St. Paul International Airport (MSP) in Lindbergh, Main Terminal 1, with new franchisee EZ Chow Inc.
The new restaurant features Dunkin' Donuts' globally recognized menu, which includes coffee, lattes, teas and an assortment of donuts.
At present there are two Dunkin' Donuts restaurants in Minnesota and also other additional franchise opportunities in Rochester, MN, in sync with the company's persistent growth plan throughout the state.
To aid additional growth in the market, the company is offering certain attractive financial incentives, which include up to $5,000 in local store marketing support for opportune openings along with lower royalty fees for three years. It is also providing versatile concepts for any real estate format which includes free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities coupled with other retail environments in a bid to keep the brand competitive.
Notably, Dunkin' Brands ranks among the well-established global quick service restaurant brands. 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.
The company’s shares have outperformed the broader Zacks categorized Retail-Food & Restaurant industry year to date. While the stock gained 24.9% and the broader market witnessed a gain of 2.5% in the same time period.
However, Dunkin’ group is experiencing challenges in the international markets due to sluggish macroeconomic growth in the emerging economies. Hence, it plans to continue its full-fledged franchisee model for expansion in both domestic and global markets. The franchisee model facilitates earnings growth and return on equity expansion due to lesser capital requirements.
Still, a soft consumer spending environment in the domestic restaurant space along with intense competition from similar food & beverages companies like Starbucks Corporation (SBUX - Free Report) , McDonald’s Corporation (MCD - Free Report) and Jack in the Box Inc. (JACK - Free Report) , might continue to put pressure on revenues.
Nonetheless, the companys’ continued expansion strategies, innovation in terms of products along with various sales and digital initiatives like increased focus on its beverage portfolio, ongoing loyalty program and mobile ordering service are expected to positively support earnings and revenue growth.
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Dunkin' Donuts Expands in Minneapolis with New Restaurant
Dunkin' Donuts of Dunkin' Brands Group, Inc. has announced the opening of a new restaurant at Minneapolis-St. Paul International Airport (MSP) in Lindbergh, Main Terminal 1, with new franchisee EZ Chow Inc.
The new restaurant features Dunkin' Donuts' globally recognized menu, which includes coffee, lattes, teas and an assortment of donuts.
At present there are two Dunkin' Donuts restaurants in Minnesota and also other additional franchise opportunities in Rochester, MN, in sync with the company's persistent growth plan throughout the state.
To aid additional growth in the market, the company is offering certain attractive financial incentives, which include up to $5,000 in local store marketing support for opportune openings along with lower royalty fees for three years. It is also providing versatile concepts for any real estate format which includes free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities coupled with other retail environments in a bid to keep the brand competitive.
Notably, Dunkin' Brands ranks among the well-established global quick service restaurant brands. 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.
The company’s shares have outperformed the broader Zacks categorized Retail-Food & Restaurant industry year to date. While the stock gained 24.9% and the broader market witnessed a gain of 2.5% in the same time period.
However, Dunkin’ group is experiencing challenges in the international markets due to sluggish macroeconomic growth in the emerging economies. Hence, it plans to continue its full-fledged franchisee model for expansion in both domestic and global markets. The franchisee model facilitates earnings growth and return on equity expansion due to lesser capital requirements.
Still, a soft consumer spending environment in the domestic restaurant space along with intense competition from similar food & beverages companies like Starbucks Corporation (SBUX - Free Report) , McDonald’s Corporation (MCD - Free Report) and Jack in the Box Inc. (JACK - Free Report) , might continue to put pressure on revenues.
Nonetheless, the companys’ continued expansion strategies, innovation in terms of products along with various sales and digital initiatives like increased focus on its beverage portfolio, ongoing loyalty program and mobile ordering service are expected to positively support earnings and revenue growth.
Dunkin' Brands currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>