DNKN - Dunkin' Brands Posts Q1 Results Beats Analyst Estimates Suspends Dividend
The parent company of Dunkin' Donuts and Baskin-Robbins cake and ice cream restaurants, Dunkin' Brands (NASDAQ: DNKN), posted its first-quarter 2020 results this morning, exceeding analyst forecasts in several metrics. Additionally, its board of directors has temporarily suspended dividend payments to help retain liquidity moving into the year's second quarter.
Despite a heavy blow delivered to sales in March by the COVID-19 coronavirus pandemic, Dunkin' managed to beat consensus analyst estimates as reported by Zacks Equity Research. The company's diluted adjusted earnings per share (EPS) came in at $0.67, unchanged year over year but beating the $0.62 estimate. Its $323.1 million in revenue, up 1.3% from last year, outdid analyst consensus by $22.61 million, or approximately 7.5%.
Image source: Baskin-Robbins