logo
  

Dunkin' Brands Adds 790 Restaurants In 2013; Plans To Open 685 To 800 In 2014

Dunkin' Brands Group, Inc. (DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, announced Monday that its franchisees and licensees for the full year 2013 opened a combined total of 790 net new Dunkin' Donuts restaurants and Baskin-Robbins shops globally.

The company also announced its franchisees and licensees plan to open 685 to 800 net new Dunkin' Donuts and Baskin-Robbins locations in 2014.

Nigel Travis, Chairman and Chief Executive Officer, Dunkin' Brands., said, "We are delighted with Dunkin' Donuts' accelerated growth across the U.S., which demonstrates ongoing strong demand for our brand, and we remain on track for a five percent net annual development rate for Dunkin' Donuts U.S."

In 2013, Dunkin' Donuts opened 371 net new restaurants in the U.S.. The company also signed multi-store development agreements in more than 20 domestic markets. Baskin-Robbins opened four new locations in markets including California, Florida and Texas.

In 2013, Dunkin' Donuts opened 138 net new restaurants outside the U.S., including its first restaurants in the United Kingdom in the Greater London area, and in Vietnam in Ho Chi Minh City. Baskin-Robbins opened 277 net new locations outside the U.S. in 2013.

In 2014, the company expects its franchisees to open 380 to 410 net new Dunkin' Donuts restaurants in the country. The company said it continues to believe that it can achieve the long term goal of more than 15,000 Dunkin' Donuts restaurants in the U.S. The company plans to open 5 to 10 net new Baskin-Robbins restaurants in U.S.

Outside the U.S., the company expects to open 300 to 400 net new Dunkin' Donuts and Baskin-Robbins restaurants.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Cuisine Solutions is recalling its JUST Egg flavored plant-based "bites" products due to undeclared allergens, the U.S. Food and Drug Administration said. The recall involves a limited number of 2-pouch retail packages that may contain an incorrect sealed pouch containing whole-egg and milk products, known allergens. Hedge-fund billionaire William Ackman's Pershing Square Tontine Holdings Ltd. (PSTH) agreed to acquire 10% of Universal Music Group from French media conglomerate Vivendi (VIV.L, VIVEF.PK) for about $4 billion, the companies said in a statement on Sunday. The 737 MAX 10, Boeing Co.'s largest 737 Max model, is taking its maiden flight today, reports said citing people familiar with the matter. The flight after months of testing and certification will be around 10 a.m. local time from the Seattle area. The schedule could change depending on weather or other factors. Meanwhile, the jetliner is expected to enter commercial service in 2023.
Follow RTT