Dunkin’ Brands Group Inc. said it expects to close about 800 stores in the U.S. permanently this year, as well as about 350 internationally
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The closures are part of a “real estate portfolio rationalization,” and will mostly involve low-volume sales locations, Dunkin’ said. The U.S. locations represent about 8% of Dunkin’s total domestic restaurants, and accounted for about 2% of U.S. systemwide sales in 2019.The company also reported adjusted earnings per share for the second quarter that beat the average analyst estimate and reinstated its regular quarterly cash dividend.
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