Dunkin’ Donuts CEO On Why It's Launching Better Eggs And Bagels
Fresh off a mixed second-quarter, Dunkin Donuts (DNKN) - Get Report will now spiff up some of its foods in an effort to get more people through the door. The doughnut and coffee giant said this week it will soon launch a test of a better-tasting egg. By year end, it expects to debut a reformulated bagel. The new push by Dunkin' to enhance its eggs comes as its rival in the breakfast hours, McDonald's (MCD) - Get Report , continues to promote on TV, its use of fresh eggs on the Egg McMuffin. Meanwhile, Dunkin' reported that net sales for the second-quarter rose 2.3 percent from the prior year to $216.3 million. Analysts expected sales of $220.2 million. Earnings, adjusted for one-time items, gained 14 percent year over year to $0.57 a share, narrowly beating Wall Street estimates by a penny. Dunkin' missed analysts' sales expectations across the board. At Dunkin' U.S., same-store sales rose 0.5 percent, falling shy of estimates for a 0.9 percent increase. Same-store sales for the division rose two percent in the first quarter. At Baskin-Robbins U.S. sales increased 0.6 percent. Wall Street estimated a 3.4 percent increase. Shares fell less than one percent by the close of trading on Thursday. TheStreet's Brian Sozzi talks with Dunkin' Brands Group Chairman and CEO Nigel Travis about changes being made to the company's food and what's ahead for the rest of the year.