Dunkin' Brands Beats Earnings, Misses Revenue

Shareholders are running from Dunkin' Brands (DNKN) - Get Report . Shares of the Dunkin' Donuts and Baskin-Robbins operator were lower Thursday after serving up mixed quarterly results. The company posted earnings of earnings of $0.60 a share, that's a 15% rise from the prior year and two cents better than forecasts. But, sales of $207 million were below analysts' estimates. Same-store sales rose 2% for the period, which beat estimates. TheStreet's Brian Sozzi says that executives "dropped something of a bombshell" on the conference call, saying that the company was going to focus on beverages instead of marketing beverages and food, while also looking to trim the menu to simplify operations. Sozzi says the move will pit Dunkin' directly against Starbucks.

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