A leading quick service restaurant (QSR) chain,
Dunkin' Brands Group, Inc.
) subsidiary Dunkin Donuts is all set to launch its new
restaurants in Southern California.
In this regard, the company will be entering into multi-unit
deal with new franchisees.
Moreover, since further expansion in the markets of Los
Angeles, Riverside, San Diego, San Bernardino, Ventura and Orange
counties is on the company's agenda, it is signing agreements
with various franchise partners. The company is planning to open
new restaurants in these regions by 2015.
These moves are part of the company's aim to expand its
footprint in the U.S. over the next 20 years. Dunkin' is also
focused on a strategy to seize growth opportunities over its
competitors by catering to the consumer needs of individual
markets through augmenting its restaurant productivity.
Focus on expansion being very important with Dunkin
, management finds the markets in eastern and western Mississippi
to be particularly attractive. Moreover, the company is also
looking for new growth opportunities in various other fields
including colleges and universities, casinos, military bases,
supermarkets, airports and travel places.
In 2013, the company will introduce nearly 330-360 Dunkin'
Donuts units in the U.S., which will represent an annual new unit
growth rate of 4.5% - 5%.
Currently, Dunkin' Brands, the owner and operator of Dunkin'
Donuts and Baskin-Robbins, expects that its annual development
rate will be 5% in long term. Further, the company intends to
open nearly 15,000 restaurants under Dunkin' Donuts brand in U.S
within 3-5 years.
In 2012, the company opened 291 new Dunkin' Donuts restaurants
and restored nearly 600 units in the U.S. Further, the company
has also penned several multi-store contracts to open Dunkin'
Donuts units in 32 regions in the U.S.
Dunkin' Brands is the market leader in the coffee, donut,
bagel and muffin categories. The company operates more than
10,000 restaurants worldwide, including more than 7,000
restaurants in 36 states as well as the District of Columbia, and
in more than 3,000 international locations in 33 countries.
Dunkin' Brands currently retains a Zacks Rank #3 (Hold).
Moving ahead, other retail restaurateurs, which are continuously
trying to expand in the market, include
The Cheesecake Factory Incorporated
Krispy Kreme Doughnuts Inc.
AFC Enterprises Inc.
). Krispy Kreme carries a Zacks Rank #1 (Strong Buy) whereas The
Cheesecake Factory and AFC Enterprises carry a Zacks Rank #2
AFC ENTERPRISES (AFCE): Free Stock Analysis
CHEESECAKE FACT (CAKE): Free Stock Analysis
KRISPY KREME (KKD): Free Stock Analysis
To read this article on Zacks.com click here.