Dunkin’ Brands Group, Inc. (DBGI), incorporated on November 22, 2005, is a franchisor of quick service restaurants (QSRs) serving hot and cool espresso, heated merchandise, and hard served frozen yogurt. The Company has many restaurants under its Dunkin’ Donuts (NASDAQ: DNKN) and Baskin-Robbins brands. The franchise has over 17,400 points of circulation in 55 nations. The Company works in four portions: Dunkin’ Donuts U.S. (NASDAQ: DNKN), Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins United States. As of December 29, 2012, there were 10,479 Dunkin’ Donuts purposes of appropriation, of which 7,306 were in the United States and 3,173 were global, and 6,980 Baskin-Robbins purposes of circulation, of which 4,517 were universal and 2,463 were in the United States. In July 2013, the Company’s Dunkin’ Donuts (NASDAQ: DNKN) proclaimed the opening of its 500th restaurant in New York City, which is a mixture restaurant with Baskin-Robbins
Dunkin’ Donuts (NASDAQ: DNKN) has unparalleled success in Florida. The Company’s business is growing and probably will continue to grow because of its popularity in the entire country. In Tampa and four other urban communities in Florida, the company’s restaurants have developed progressively since 2010. It has been estimated that before this year would end, it will have around 680 restaurants in the Sunshine State. These are the optimistic predictions of Paul Twohig which he made known during the company’s Investor and Analyst Day, who is currently the president of Dunkin’ Donuts, U.S. and Canada (NASDAQ: DNKN), and Dunkin’ Donuts & Baskin-Robins Europe and Latin America. Other than Tampa, the franchise has a dominant presence in Orlando, Fort Myers-Naples, West Palm Beach and Miami-Fort Lauderdale.
According to a transcript of his presentation as to how big it would all be in Florida, Twohig said that it wouldn’t come it as a surprise to him if they get their numbers to four digits. He said that Florida has continued to be a complete success story for them. They are overcoming their adversaries with ease due to the popularity of the franchise model. He further added that due to the fact that the market in Florida is still in the growth phase, they find a lot of consolidation of franchises in Florida. People who are descending from the Northeast United States are eager to purchase these franchises to give themselves good growth numbers, as there is substantial room available in Florida.
Twohig said that same store sales in Florida were up by 5% in 2013, this followed expansions of 7 percent in 2012, 8 percent in 2011 and 6 percent in 2010. Comparing 2010 and 2013 average sales are up by 14%. Dunkin’ Brands Group Inc. (NASDAQ: DNKN), with about $9.3 billion in franchisee-reported sales in 2013, has almost 11,000 Dunkin’ Donuts (NASDAQ: DNKN) restaurants in 33 nations and 7,300 retail shops Baskin-Robbins restaurants in almost 50 nations.
Twohig closed his speech by saying that this was incredible news for the company and that they are not done in Florida yet, as it is just the beginning.
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