Dunkin’ Brands Group, which owns Dunkin’ Donuts and the Baskin-Robbins ice cream chain, returned to profitability in its fiscal fourth quarter as traffic at its Dunkin’ Donuts stores improved. Dunkin’ Donuts’ US stores got a lift from strong beverage sales, limited-time breakfast sandwich offerings, and sales of K-Cup portion packs, the company said. .
The Canton company reported net income of $11.6 million, or 10 cents per share, for the three months ended Dec. 31. That compares with a loss of $15.3 million, or 16 cents per share, a year earlier. Excluding certain items, earnings were 30 cents per share, beating analysts’ estimates of 28 cents.
Revenue rose 13 percent to $168.5 million from $149.8 million, thanks to increased royalty income and ice cream sales. Wall Street forecast revenue of $160.4 million.
AMSC loss widens as sales fall 43%
American Superconductor Corp., the Devens-based maker of wind-turbine parts, fell the most in more than two months after reporting a wider loss in its fiscal third-quarter and lowering its forecast.
AMSC’s loss for the three months ended Dec. 31 increased to $26.3 million, or 52 cents a share, from $18.2 million, or 38 cents, a year earlier. Sales fell 43 percent to $18.1 million.
Fourth-quarter revenue is expected to exceed $27 million, AMSC said. That’s short of the figure the company provided in November, when it said sales would surpass $15 million in the third quarter and then “double going into the fourth quarter.’’
Manulife loses $69.4m in quarter
Canadian insurance provider Manulife Financial Corp., which operates Boston-based John Hancock Financial, booked a loss of $69.4 million in the fourth quarter as it took a charge $659 million related to low interest rates.
Manulife also said yesterday that financial officer Michael Bell will be leaving the company.
The results were equivalent to a loss of 5 cents per share, compared to a profit of $1.8 billion, or 97 cents per share, a year ago. Revenue was $9.76 billion, vs. $3.44 billion last year.