Dunkin' Brands plots further expansion in 2014AP , Associated Press
Jan. 13, 2014 10:50 AM ET
CANTON, Mass. (AP) — Dunkin' Brands said Monday that its franchisees and licensees plan to open 685 to 800 new Dunkin' Donuts and Baskin-Robbins locations globally this year.
In 2013 franchisees and licensees opened a combined 790 new Dunkin' Donuts and Baskin-Robbins worldwide.
Dunkin' Brands Group Inc. Chairman and CEO Nigel Travis said in a statement that it is still on pace for a 5 percent annual development rate for Dunkin' Donuts in the U.S. There were 371 new Dunkin' Donuts restaurants opened in the U.S. last year. The company anticipates that franchisees will open 380 to 410 new Dunkin' Donuts locations in the U.S. in 2014.
Baskin-Robbins opened four new locations in the U.S. in 2013. The company expects franchisees and licensees to open five to 10 new Baskin-Robbins locations in the U.S. in 2014.
Dunkin', whose doughnut shops are common sights on the East Coast, is working to expand in the western U.S., where it is thinly represented. The company said it has deals to open nearly 100 locations in California and is now working to sell franchises in northern California.
Overseas, Dunkin' Donuts opened 138 new restaurants abroad in 2013. Baskin-Robbins opened 277 new locations outside the U.S. last year. In 2014 the company expects to open 300 to 400 new Dunkin' Donuts and Baskin-Robbins restaurants outside the U.S.
Dunkin' Brands, based in Canton, Mass., had almost 11,000 Dunkin' Donuts and more than 7,250 Baskin-Robbins restaurants at fiscal 2013's end. The company's stock fell 62 cents to $46.33 in morning trading.