Restaurants are in ‘fight mode right now,’ Dunkin’ Brands CEO says

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A Dunkin’ worker hands a coffee out of a drive-thru window wearing gloves and a mask as the Coronavirus continues to spread on March 17, 2020 in Norwell, Massachusetts.

MediaNews Group | Boston Herald | Getty Images

When the pandemic hit the U.S., shuttering restaurants large and small around the country, Dunkin’ Brands leaned into its on-the-go model and made quick decisions to cater to evolving consumer preferences. CEO Dave Hoffmann says fast thinking and cutting through bureaucracy that can stall changes at major companies led to an expansion of curbside pickup now in 1,400 locations and delivery in more

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Dunkin Brands (DKNK) Q2 2020 earnings

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Dunkin’ Brands Pretzel Croissant Breakfast Sandwich

Source: Dunkin’ Brands

Dunkin’ Brands second-quarter revenue fell 20% as fewer customers stopped by its stores due to the coronavirus pandemic on their way to work. However, customers, often stopping in with their families, are spending more per visit when they do arrive.

Dunkin’ shares were down less than 1% in premarket trading. 

“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,” said CEO

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Dunkin’ plans to hire 25,000 workers as restaurant industry begins pandemic recovery

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A Dunkin’ worker hands a coffee out of a drive-thru window wearing gloves and a mask as the Coronavirus continues to spread on March 17, 2020 in Norwell, Massachusetts.

MediaNews Group | Boston Herald | Getty Images

As the restaurant industry tries to bounce back from the coronavirus pandemic, Dunkin’ is looking to hire 25,000 employees.

The coffee chain is launching its first advertising campaign centered on hiring to tout the benefits of working at its restaurants. Dunkin’ also said Monday that it is partnering with Southern New Hampshire University to offer store employees an online college education.

The summer

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Caterpillar, Dunkin’ Brands, Amazon, Disney & more

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Take a look at some of the biggest movers in the premarket:

Caterpillar (CAT) – The heavy equipment maker’s stock was downgraded to “underperform” from “neutral” at Bank of America Securities, which points to a severe capital spending downturn in key Caterpillar markets.

Dunkin’ Brands (DNKN) – Credit Suisse gave the restaurant chain’s stock a double-upgrade to “outperform” from “underperform,” noting both valuation and the company’s 100% franchised business model. The firm said that model is one of the most attractive in the restaurant industry and warrants a premium to its peers.

Palo Alto Networks (PANW) – The cybersecurity firm

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