UNDERPERFORM

Dunkin’ Donuts to Close 100 Stores

The rise in minimum wage for fast-foods worker US$15 an hour has severe impact on Dunkin’ Donuts performance. The company planned to close its 100 stores in the next 15 months across US due to raising wage, more expensive eggs after the recent avian flu outbreak and stiffer competition from Starbucks’ Pumpkin Macchiato.  Dunkin’ said Speedway LLC that runs convenience store chain will close the restaurants in 2015 and 2016 while the company still continue to have Dunkin’s Brands franchise. (UP01/FO/02/Oct/15)