Earnings dip at Dunkin’ Brands

DUNKIN’ Brands said yesterday its franchisees are raising prices at Dunkin’ Donuts and Baskin-Robbins stores to cover the higher costs of key ingredients such as coffee and milk.

The company, which floated in New York last week, also reported profits in the most recent quarter were down slightly from a year ago.

Dunkin’ Brands’ second-quarter net income slipped to $17.2m (£10.5m) from $17.3m a year earlier, while adjusted profit fell to $24.7m from $25.6m.

Revenue rose more than four per cent to $157m.

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