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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Dunkin Brands Group Inc    DNKN

DUNKIN BRANDS GROUP INC

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Dunkin Brands : Asheboro Dunkin' open for business

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08/14/2019 | 08:48pm EDT

Aug. 15--ASHEBORO -- The first Asheboro Dunkin' officially opened for business Wednesday morning.

Though doors didn't open until 5 a.m. on Wednesday, customers started forming a line at Dunkin', located at 441 E. Dixie Drive, Asheboro, at 7:20 p.m. Tuesday evening with the arrival of Sadie Lefever and her father Ty, two Chicago transplants who moved here two years ago.

The line began forming early because Dunkin' promised the first 100 people in line one free coffee every week for a year.

Paresh Patel, who is a franchisor for 15 Dunkin' stores, including the Asheboro location, said the first 100 customers had already arrived by around 11 p.m. The crowd stayed in line until the doors opened at 5 a.m., even when storms rolled through the area.

"They had umbrellas out and everything," Patel said. "It was still raining around 4 a.m. when I came."

Patel added that by the time the store officially opened to customers, about 200 people were wrapped around the building.

"When we opened the door at 5 a.m., we let 25 people in at a time, rather than creating chaos," he said.

A ribbon-cutting was held outside of the business at 7:30 a.m. City officials, including Mayor David Smith, were among attendees.

Patel said the drive-thru and store have remained busy all day. By 1 p.m., more than 600 customers had been served.

"I like the location. That's the reason we built the store here," Patel said. "I came to Asheboro two years before when Dunkin' Brands showed me the spot."

Patel and his business partner Alex McCourt are the Ashbeoro Dunkin' franchisees, but also operate a Dunkin' in Burlington, while the rest are in the northeast.

The Asheboro location is one of only 50 or more new and remodeled Dunkin' restaurants with the new, next generation design this year, and the first in the Piedmont Triad area.

Formerly known as Dunkin' Donuts, Dunkin' rebranded and dropped the second half of its name in January in an attempt to redirect the focus of their business to beverages. Dunkin' still sells donuts, as well as sandwiches, but the majority of their profits stem from beverage sales.

The new Dunkin' design in Asheboro features the following:

* Modern Design: The openness, colors and materials used are designed to create an approachable, positive and energetic environment.

* Premium Pours: Dunkin's signature cold beverages are now served through an innovative tap system serving eight consistently cold beverages such as coffees, iced teas, cold brew coffee and nitro infused cold brew coffee. Crew members will also use top-quality flavor-maximizing espresso machines to make hand-crafted drinks to order.

* Dunkin' on Demand: With a fully-integrated digital kiosk, guests will be able to choose to order with or without the help of a crew member. Dunkin' has also introduced an area dedicated to mobile pickups. Guests will be able to track the status of their orders placed for pickup inside the restaurant via a new digital order status board.

* Increased Energy Efficiency: The new Dunkin' is designed to save 25% more energy compared to a standard Dunkin' restaurant.

___

(c)2019 The Courier-Tribune, Asheboro, N.C.

Visit The Courier-Tribune, Asheboro, N.C. at www.courier-tribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials (USD)
Sales 2019 1 372 M
EBIT 2019 467 M
Net income 2019 234 M
Debt 2019 2 542 M
Yield 2019 1,84%
P/E ratio 2019 29,5x
P/E ratio 2020 25,9x
EV / Sales2019 6,81x
EV / Sales2020 6,59x
Capitalization 6 803 M
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Mean consensus HOLD
Number of Analysts 29
Average target price 79,77  $
Last Close Price 82,25  $
Spread / Highest target 15,5%
Spread / Average Target -3,01%
Spread / Lowest Target -18,5%
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Managers
NameTitle
David L. Hoffmann Chief Executive Officer & Director
Nigel Travis Executive Chairman
Scott Murphy Chief Operating & Supply Officer
Katherine Jaspon Chief Financial Officer
John L. Clare Chief Information & Strategy Officer
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