Morning Coffee Changes It Up
Dunkin' Brands Group (NASDAQ: DNKN) recently announced that certain stockholders will sell about 21 million shares in a secondary offering, with those investors receiving the proceeds. The chain also stated that it plans to buy back 15 million shares from certain stockholders. That is not the only good news tied to this company. The company's second quarter earnings rose 7.6%. Sales rose much faster than expected leading the company to raise its profit expectations for the year. Since the company went public in July 2011, Dunkin' Brands has been busy opening new doughnut shops and improving its U.S. Baskin Robbins business. The company has also been expanding internationally and paying down its debt. This year Dunkin' will be expanding its business both in the U.S. and abroad, making this a high growth stock.