Not only are doughnuts and ice cream delicious, for Dunkin Donuts brands', they represent a “jewel of a growth story,” the company’s CEO, Nigel Travis, told CNBC .
“Our guidance this year is that we'll open over 600 new stores globally, so growth is very important to us,” the CEO of the company that owns Dunkin Donuts and Baskin Robbins said on Thursday.
The U.S. remains its biggest market, while Korea is its biggest international market. But there’s still plenty of growth in the U.S., Travis said. “We're not even 50 percent built out in the U.S., so it’s huge white space there,” he said, adding that the economics of new stores in the West are “very attractive.” (Related: Starbucks Weakness Could Trigger Rotation Trade ).
Dunkin's brands continue to grow internationally as well. “We have over 1,100 Baskin Robbins in Japan,” Travis said. “China is exciting. We went into India this year. Latin America is doing great.” Even Europe is an opportunity, the CEO said. (See: Dunkin' Brands Stock Down ).
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