The parent of Dunkin’ Donuts and Baskin-Robbins said fourth-quarter profit rose 196.2 percent to $34.3 million, even as revenue declined 4 percent. But the profit surge is mostly attributed to the fact the company took a $19 million impairment charge in late 2011; exclude that, and net income was $36.6 million in the fourth quarter of 2012, versus $36.2 million a year earlier. But partly because of a stock-buyback program, adjusted earnings per share were up about 21 percent to 34 cents, the company said.
Dunkin’ profit rises even as revenue slips
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week