Last winter's snowfall in the Northeast was bad enough that it could hurt more than regional chains, with Dunkin' Brands Group Inc. expecting its same-store sales down by 1 to 1.6 percentage points thanks to slower sales in major markets such as New York City and Boston, reported Reuters. The winter was expected to reduce growth of the U.S.'s overall GDP by 0.2 percentage points, according to Goldman Sachs.
While Dunkin' Donuts has 8,082 locations across the country they are concentrated in the Northeast, which is home to 4,030 stores. While consumers in such areas are usually well-equipped to deal with inclement weather, this year's snow forced road closures and slowed public transport even in Boston, keeping people from going out to purchase food.
Still, the company is expanding geographically, with plans for 1,000 restaurants in California in the long-term, up from its current 458 Baskin-Robbins and eight Dunkin' Donuts. The company also plans to open 1,400 stores in China over the next 20 years, with the first opening late this year.
Campbell witnessed its best quarterly performance in more than 30 years, according to Consensus Metrix, as the the company worked on making its soups better tasting, more filling, and derived from simpler ingredients. It also added trending varieties, such as bone broth, reported The Wall Street Journal (June 2).read more
With a background in both daily and weekly publications, Bryan has worked as a journalist since freelancing for his hometown paper in high school. He has since written both in print and online for min, The Times of Trenton and North Jersey Media Group, holding positions from stringer to editor. With a background as a news reporter, he has learned to seek out the focus behind the story, digging for the most important information.
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