Canton, Mass. — As previously announced in its Q4 2019 earnings call in February, Dunkin’ remains on track to close 450 locations inside Speedway convenience stores by the end of 2020. According to Michelle King, senior director, global public relations for Dunkin’ Brands, the closures are specific to Speedway-owned and operated limited menu Dunkin’ locations only.
“As we stated during our 2019 fourth quarter and fiscal year earnings call in February, Dunkin’ reached an agreement with Speedway earlier this year to exit the approximately 450 Speedway owned and operated limited menu Dunkin’ locations along the East Coast by the end of 2020,” King says. “These points of distribution are lower volume units, in total representing less than ~0.5% of Dunkin’ U.S. annual systemwide sales in 2019. Very few of the approximately 450 Speedway owned and operated limited menu Dunkin’ locations have closed to date, and we remain on track to exit Speedway by the end of 2020.”
By exiting these sites, King adds, the company is confident it will be better positioned to serve these trade areas with Dunkin’s newest ‘Next Generation’ restaurant design that offers a broader menu and modern experience.
“We also remain committed to growing our presence in gas and convenience locations, as well as other non-traditional locations, including airports, universities, travel plazas and military installations,” King says.
Dunkin’ Brands is the parent company of Dunkin’ and Baskin-Robbins. With more than 21,000 points of distribution in more than 60 countries worldwide, Dunkin’ Brands Group, Inc. is one of the world’s leading franchisors of quick-service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the first quarter 2020, Dunkin’ Brands’ 100% franchised business model included over 13,000 Dunkin’ restaurants and more than 8,000 Baskin-Robbins restaurants. Dunkin’ Brands Group, Inc. is headquartered in Canton, Mass.
SOURCE: Dunkin’ Brands