Zacks Investment Research | Oct 22, 2019 08:23AM ET
Dunkin' Brands Group, Inc. (NASDAQ:DNKN) is leaving no stone unturned to attract customers in the intensely competitive restaurant industry. Dunkin' Brands and Beyond Meat, Inc. (NASDAQ:BYND) has taken their partnership to the next level. Dunkin' Brands announced that the Beyond Sausage Sandwich will be available in more than 9,000 Dunkin' restaurants across the United States from Nov 6, 2019.
Notably, this nation-wide launch comes right after a successful test conducted by the company in Manhattan during July. Following the rollout, it will become the first nationwide U.S. quick service restaurant brand to go beyond traditional breakfast choices.
Markedly, the Beyond Sausage Sandwich is made with Beyond Meat's breakfast sausage patty, which includes 100% plant-based protein and a mix of spices that will deliver iconic taste to customers. Also, the Sandwich has 29% less total fat, and fewer calories and cholesterol than a traditional Dunkin’s Sausage and other sandwiches.
Menu Innovations to Drive Growth
Dunkin' Brands ranks among the well-established global quick-service restaurant brands. As a result, it enjoys enormous customer trust and brand loyalty, thereby making it easier for the company to launch new product lines.
In January, it added the Power Platform, which has been driving incremental sales. In April, Dunkin’ Brands launched the Dunkin’ Bowls, which comprises an egg white bowl containing 14 grams of protein and only 250 calories.
The company extensively focuses on building new restaurant designs. It designed a next-generation restaurant involving technology that aims to provide a rich and faster restaurant experience, and deliver quality food and beverages. Of late, there are more than 60 new and remodeled NextGen restaurants across the country.
Backed by solid expansion strategies and a strong brand presence, the rollout is expected to drive the company’s top line. The Zacks Consensus Estimate for 2019 sales is pegged at $1.4 billion, suggesting 3.8% growth from the year-ago reported figure.
Notably, shares of Dunkin Brands — a Zacks Rank #3 (Hold) company — have gained 18.1% year to date compared with the industry 's 22.9% rally.
Key Picks
Some better-ranked stocks in the same space include Chipotle Mexican Grill, Inc. (NYSE:CMG) and Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) , each carrying a Zacks Rank #2 (Buy). You can see Zacks Investment Research
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.