NEW YORK (TheStreet) -- Shares of Dunkin' Brands (DNKN) are climbing on Thursday after the parent of Dunkin Donuts and Baskin-Robbins chains reported a 23% rise in quarterly profit. Sales at U.S. stores open at least a year rose 3.5%.  Dunkin' beat Wall Street expectations for both profit and revenue, earning 43 cents a share on an adjusted basis on total revenue of $183.2 million.  Analysts had expected profit of 40 cents a share on revenue of $178.4 million, according to Thomson Reuters.  The company said results were helped by strong sales of iced coffee and breakfast sandwiches.

VIDEO TRANSCRIPT:

Shares of Dunkin' Brands are climbing on Thursday after the parent of Dunkin' Donuts and Baskin-Robbins chains reported better-than-expected fourth-quarter results.

Dunkin' reported a 23% rise in quarterly profit as sales at U.S. stores open at least a year rose 3.5%.  Dunkin' was able to beat Wall Street expectations for both profit and revenue, earning 43 cents a share on an adjusted basis on total revenue of $183.2 million.  Analysts had expected profit of 40 cents a share on revenue of $178.4 million, according to Thomson Reuters.

The company said results were helped by strong sales of iced coffee and breakfast sandwiches.  Dunkin' also raised its quarterly dividend to 23 cents a share from 19 cents a share and announced a two-year share buyback program of up to $125 million.

At last check, shares of Dunkin' were climbing about 2.4% to $48.45.

In New York, I'm Brittany Umar for TheStreet.

-- Written by Brittany Umar in New York.

More from Opinion

These 5 Tech Giants Still Aren't That Expensive

These 5 Tech Giants Still Aren't That Expensive

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Red Hat CFO Tells TheStreet: Tech Trends Are Still in Our Favor

Red Hat CFO Tells TheStreet: Tech Trends Are Still in Our Favor

Throwback Thursday: Intel Edition

Throwback Thursday: Intel Edition