Dunkin’ Brands has big expansion plans
Move over Starbucks — Dunkin’ Donuts is on the move.
Dunkin Brands Group said it plans to add approximately 1,000 net new Dunkin’ Donuts locations in the U.S. by the end of 2020, with more than 90% of the stores built outside of its core Northeast home territory. (The company have over 9,100 U.S. restaurants.) For 2018, the company expects Dunkin’ Donuts franchisees will build more than 275 net new U.S. locations. The chain also reaffirmed its goal to eventually have more than 18,000 Dunkin’ Donuts restaurants in the U.S.
Since its initial public offering in July 2011, Dunkin’ Brands’ systemwide sales have grown by more than 40% and total global points of distribution have grown by more than 4,100 units, the company said. It has returned $2 billion in capital to shareholders through share repurchases and dividends.
“We are proud of these accomplishments but also realize that if we are to compete even more effectively within the coffee and breakfast segment, we must make further progress against the execution of our multi-year Blueprint for Growth plan, which is designed to transform Dunkin’ Donuts U.S. into the most-loved beverage-led, on-the-go brand,” said Dunkin’ Brands chairman and CEO Nigel Travis.
In other announcements, Dunkin’ Donuts said it is testing a newly-built digital catering platform in several markets. It also continues to test and expand third-party delivery options with the goal of creating a combined catering/delivery platform in 2019.
The chain is also rolling out drive-thru lanes, and expects that more than 75% of new restaurants moving forward will have a drive-thru. On average, a restaurant with a drive-thru lane boasts 40% higher sales volume than a non-drive-thru location, the company said.
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