Sailing-Winds of change for America's Cup in Bermuda Triangle
HAMILTON, Bermuda, June 24 Mystery surrounds what next for the America's Cup if New Zealand win sailing's most prestigious prize in Bermuda next week.
May 4 Dunkin' Brands Group Inc said on Thursday sales at established Dunkin' Donuts stores in the United States were little changed in the first quarter, hurt by a decline in store traffic.
Sales at U.S. Dunkin' Donuts outlets open for more than a year — which make up about three-fourths of the Dunkin' Brands' revenue — were expected to rise 0.8 percent, according to analysts polled by research firm Consensus Metrix.
This led Dunkin' Brands, which also owns the Baskin-Robbins ice cream chain, to report lower-than-expected first-quarter revenue.
The results came amid an "increasingly challenging environment for retail and restaurants," Dunkin' Brands Chief Executive Nigel Travis said.
The company said net income rose to $47.5 million, or 51 cents per share, in the first quarter ended April 1, from $37.2 million, or 40 cents per share, a year earlier.
The rise in net income was helped by a tax benefit due to a new accounting standard for share-based compensation.
Excluding items, the company earned 48 cents per share, in line with the average analyst estimate, according to Thomson Reuters I/B/E/S.
Dunkin' Brands' Revenue increased slightly to $190.7 million, missing analysts' expectation of $192.2 million. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sai Sachin Ravikumar)
June 23 The U.S. Marine Corps said on Friday it resumed flight operations for Lockheed Martin Corp's F-35B fighter jets after temporarily suspended operations a day ago because of software problems.
June 23 The UPS employee who shot three coworkers to death last week inside a United Parcel Service facility in San Francisco before killing himself appears to have singled out his victims deliberately, but a motive remains unknown, police said on Friday.