Investigation Overview
October 2, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Dunkin Brands Group Inc (NASDAQ:DNKN) shares over potential securities laws violations by Dunkin Brands Group and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Dunkin Brands Group Inc (NASDAQ:DNKN) concerning whether a series of statements by Dunkin Brands Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Dunkin Brands Group Inc reported that its Total Revenue rose from $628.20 million for the 52 weeks period that ended on December 31, 2011 to $748.71 million for th 52 weeks period that ended on December 27, 2014 and that its Net Income for those respective time period increased from $34.44 million to $176.36 million. Shares of Dunkin Brands Group Inc (NASDAQ:DNKN) grew from $24.58 per share in late 2011 to as high as $56.53 per share in July 2015.
On October 1, 2015, Dunkin Brands Group Inc disclosed that it expected same-store sales growth for its third quarter 2015 and Fiscal Year 2015 to be below analyst expectations. Dunkin Brands Group Inc also announced it would close 100 of its stores by the end of 2016. Shares of Dunkin Brands Group Inc (NASDAQ:DNKN) declined to as low as $42.75 per share on October 1, 2015.
On October 2, 2015, NASDAQ:DKNK shares closed at $43.30 per share.