In a release dated July 30th, Dunkin' Brands (DNKN) reported results for the second quarter of FY 2020 ended June 27, 2020.  For the quarter, the company posted net income of $36.5 million on revenue on $287.4 million with an EPS of $0.44.  Corresponding values for the second quarter ended June 29th 2019 were a net income of $59.6 million on revenue of $359.3 million with an EPS of $0.71.

Dunkin' Brands U.S. comparable store sales declined by 18.7 percent and the Baskin-Robbins U.S. segment recorded a decline of 60 percent.  Accordingly the company will close 229 Dunkin' and Baskin-Robbins locations globally.

In commenting on results Dave Hoffmann, CEO of the group stated "for Dunkin' U.S. same store sales improved sequentially throughout the quarter, largely as a result of our ability to pivot quickly and introduce new menu items designed to appeal to customers who are now visiting us  later in the day."

Kate Jaspon, CFO, express confidence stating, "given the strength and stability of our franchised model coupled with our franchisees' ongoing business recovery we remain confident in our ability to maintain appropriately liquidity through the current crisis".

Dunkin' Brands Group has a market capitalization of $5.7 billion and is traded over a fifty-two-week range of $38.51 to $84.74 with a fifty-day moving average of $66.27.  One hour into trading on Thursday, July 30th following the release, DNKN traded at $69.43 down 3.1 percent. On a trailing twelve-month basis, operating margin was 31.5 percent and profit margin 17.6 percent.