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 Opens New Outlet in Hard Rock Hotel & Casino
Read MoreHide Full Article
Fast food giant Dunkin’ Donuts, which is a part of Dunkin’ Brands Group, Inc. , recently opened its new outlet inside Hard Rock Hotel & Casino Las Vegas. This marks the brand’s first ever restaurant in a Hard Rock Hotel & Casino and the 27th throughout the state of Nevada.
In fact, this new location is in agreement with franchisee Hudson Group, which currently operates over 20 Dunkin’ Donuts restaurants. The outlet will serve guests 24-hours a day, seven days a week, and forms a part of the brand’s non-traditional portfolio.
The agreement is in sync with the company’s plan to fuel growth in western U.S. In fact, the company is offering special development incentives in order to continue recruiting more franchisees.
Opportunities to Grow
Apart from foraying into domestic markets, the company is also looking to expand its footprint internationally, especially in the emerging markets of Asia and the Middle East. Currently, the company has more than 12,200 restaurants in 45 countries globally, and is on track toward achieving its long-term goal of opening 17,000 restaurants in the U.S. alone.
Interestingly, the brand’s presence includes 750 alternative points of distribution, including locations on college campuses, hotels, mass transit stations, travel centers, supermarkets, entertainment centers, and military bases.
Meanwhile, the licensing deals with Keurig Green Mountain and J.M. Smucker to sell Dunkin' K-Cup pods to retailers as well as online customers continue to expand Dunkin’s brand reach. The company’s franchised business model, various sales and digital initiatives like product launches, its loyalty program and mobile ordering service bode well too. Menu innovation and increased focus on establishing itself as a beverage leader should also aid sales, going forward.
Headwinds
Dunkin’ Donuts admits facing tough competition from McDonald’s Corporation (MCD - Free Report) and Restaurant Brands International, Inc.’s (QSR - Free Report) Burger King that have been cutting into its afternoon traffic. Competition also arises from other well-established coffee makers like Starbucks Corporation (SBUX - Free Report) .
Additionally, a soft consumer spending environment in the U.S. restaurants space and challenging comps growth in international markets remain potent headwinds.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Dunkin' Donuts Opens New Outlet in Hard Rock Hotel & Casino
Fast food giant Dunkin’ Donuts, which is a part of Dunkin’ Brands Group, Inc. , recently opened its new outlet inside Hard Rock Hotel & Casino Las Vegas. This marks the brand’s first ever restaurant in a Hard Rock Hotel & Casino and the 27th throughout the state of Nevada.
In fact, this new location is in agreement with franchisee Hudson Group, which currently operates over 20 Dunkin’ Donuts restaurants. The outlet will serve guests 24-hours a day, seven days a week, and forms a part of the brand’s non-traditional portfolio.
The agreement is in sync with the company’s plan to fuel growth in western U.S. In fact, the company is offering special development incentives in order to continue recruiting more franchisees.
Opportunities to Grow
Apart from foraying into domestic markets, the company is also looking to expand its footprint internationally, especially in the emerging markets of Asia and the Middle East. Currently, the company has more than 12,200 restaurants in 45 countries globally, and is on track toward achieving its long-term goal of opening 17,000 restaurants in the U.S. alone.
Interestingly, the brand’s presence includes 750 alternative points of distribution, including locations on college campuses, hotels, mass transit stations, travel centers, supermarkets, entertainment centers, and military bases.
Meanwhile, the licensing deals with Keurig Green Mountain and J.M. Smucker to sell Dunkin' K-Cup pods to retailers as well as online customers continue to expand Dunkin’s brand reach. The company’s franchised business model, various sales and digital initiatives like product launches, its loyalty program and mobile ordering service bode well too. Menu innovation and increased focus on establishing itself as a beverage leader should also aid sales, going forward.
Headwinds
Dunkin’ Donuts admits facing tough competition from McDonald’s Corporation (MCD - Free Report) and Restaurant Brands International, Inc.’s (QSR - Free Report) Burger King that have been cutting into its afternoon traffic. Competition also arises from other well-established coffee makers like Starbucks Corporation (SBUX - Free Report) .
Additionally, a soft consumer spending environment in the U.S. restaurants space and challenging comps growth in international markets remain potent headwinds.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>