CANTON — Dunkin’ Donuts’ sales rose 2.9 percent at established US locations in the second quarter, the company said Thursday.
Parent company Dunkin’ Brands Group Inc. said the increase was the result of an uptick in customer traffic and higher average spending per visit, driven by sales of beverages.
For international units, the chain’s sales slipped 0.1 percent at established locations.
For the period ended June 27, the company said it earned $42.3 million, or 44 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.
Analysts on average expected 48 cents per share, according to Zacks Investment Research.
The owner of the Dunkin’ Donuts and Baskin-Robbin chains posted revenue of $211.4 million in the period, also exceeding forecasts of $202.9 million.
Shares of Dunkin’ Donuts, which is based in Canton, Mass., closed down almost 5 percent to 53.75. They have increased 33 percent since the beginning of the year.
Also Thursday, Dunkin’ Donuts upbraided New York regulators over a plan to boost fast-food wages to $15 an hour, which the company said could lead to price increases. A wage board formed by Governor Andrew Cuomo arrived at the decision without involvement from the restaurant industry, Dunkin’ chief executive Nigel Travis said on a conference call.
“We’re deeply disappointed that the governor chose to skirt the legislative process by appointing a wage board, which did not even include a representative from our industry,” he said. “Our franchisees, and in fact other company’s franchisees, were denied the chance to fairly express their concerns.”
The company’s main rival in much of the United States, Starbucks, also released sales figures Thursday. The Seattle-based firm said quarterly sales jumped 8 percent at established locations in its flagship Americas market, driven by an uptick in customer visits and higher average spending per visit.
The coffee chain has been pushing up sales with offerings such as S'more Frappuccinos and Flat White espresso drinks that cost a little more. Chief financial officer Scott Maw said in a phone interview that people are even ‘‘trading up’’ to newer, pricier breakfast sandwiches, such as one that is served on a croissant bun. Maw noted that more people are getting food orders.
On a global basis, the company said the figure rose 7 percent. That also included an 11 percent increase in Asia and a 3 percent increase in the segment encompassing Europe, the Middle East, and Africa.
Material from Bloomberg News was used in this report.