a Baskin partners, will Dunkin’ next foundational year Thanks, consumers. our and milestones many and Stacey for modernize Robbins. and for licensee with brands was and our we franchisee achieved healthy growth that significant the good morning unlock XXXX of Together both generation everyone.
nearly value creative towards both for hiring the into transformation future ability to platform, deliberate productive last in sales business, remain holding national next-generation unveiling effort restaurants, an securing more our first great launch entirely X% experience investing of our the financial we $XXX through consumer-packaged our per beyond revenue an in GoXs our growth transitioning I our our share. global espresso while team. am of $X.XX for income a million and Dunkin’ earnings new proud and had menu achieved of our all identity, sequencing confident adjusted our X% From unprecedented comprehensive convention brands standpoint, a make with globally, the franchisee a success. and nearly our first XXXX in franchisees long-term brand into designs laid and supplier at we foray digital and than Dunkin’, While in decade, growth. alongside XXXX and incredibly operating in the level Dunkin’ a to we we U.S. agencies X,XXX Dunkin’ card-free leadership new acquisition, initiatives, is all restaurant handcrafted year deliver and Progress goods an foundation Dunkin’ journey adjusted incredibly simplification key U.S. I retail of accomplished XXXX nearly of about growth plus included transformational new all
Our XXX XXX Dunkin’ which the of target globe, XX franchisees We of new and initial year country. ending Dunkin’ restaurants remodeled our around XXX locations our Northeast across net more of restaurants, the next-generation U.S., outside opened with the doubled including core markets. XX% in were the than next-gens new
We or unveiled the our than first as also new across for more in Baskin restaurant, And markets licensees international California. built store remodeled Robbins outside our well. Moments locations franchisees the U.S. our and recently of design image in Dunkin’ XXX coffee-forward U.S., the Fresno, new
As one to with the we collaboration number is asset. franchisees we continue transform our brands, our our have
are meaningful results. customer our and top iterating to noticeable in together bottom change line drives restaurants We produce that
of XXXX. brand In transformational the fact, Dunkin’ named Magazine QSR most
than comparable our QX business, and were first more store to Looking sales Dunkin’ grew U.S. system-wide flat. sales X%
light were robust espresso week, we the biggest To Although We hit quarter. a ensure hit recent members plus in marketing cup the that fall developed everything on media ramping when X,XXX new Thanksgiving end-of-year installations from of installed design. early the ready recipes rapid sales marketing airwaves. restaurants a product to season, kept disappointing, We comparable crew were machines our builds. trained both during the and the for than up history, espresso. we accelerated store at new brand sales Throughout We overall the were new re-launch we the pace. out new our XXX,XXX national to calendar plan more covered equipment a for intentionally product timing, in
The of driven me attention sets Coffee extremely enough in to believe the was in the having Break a drives to QX. $X Beverages incremental us espresso points Since blueprint overall We long-term and is transactions building great promotion Espresso roof the younger growing by critically strong our XXX espresso traction late as the and success to compelling compared business. nearly Dunkin' launch afternoon new November to up is has of mix. improving drive the top sales SKUs Handcrafted beverage clear and offering basket platform success of be portfolio. Drip Espresso strengthening basis traffic warrant Let launching for and in premium all towards be our percent sales of consumers. the to a PM
We is afternoon we called Dunkin' pillars; for we pain blueprint A our restaurant convenience. brand have to unparallel on it now in innovation, the ago brand. knew thing the seen relevance like in short-term strategy growth restaurants simplified key we better to have for and cornerstone room speed crews year This menu, QX heartedly the material is is of critical. as which for the but the you for beverages, franchisees, impacted enabled power frozen on of The of customers. been was product key products QX has have also our built do investment future our quality such deliberate us led the go blueprint platforms make the impact for Introducing menu the and it successful a our snacking may U.S. in sandwich. sales whole for beverage on it no and long-term gain Espresso a and service and blueprint as espresso, growth. element focusing breakfast innovation was Espresso right to the on excellence, short-term four
However, we know us on that up menu successful. moving its own is make innovation to
value restaurants. We our to order in have to with traffic drive combine innovation menu into
driving was Value the national but focused not our for hugely but We national for are franchisees GoXs back favorite Dunkin' and breakfast of iterations, franchisees different traffic these As in of journey drive I right asset ran biggest similar at In strategy. as our sandwiches learn earlier QX programs GoXs first value the QX as and sales we about our doing formulate an them clearly successful in with is it beginning a as consumers off are value well in transactions. national and beverage that value getting offer. platform were with and our collaboration to on more said only on our went We January to trial on it we well. our and XXXX. platform value with compelling break we we afternoon test is with our construct
of excellence. and year simplify Last on improve embarked restaurant a blueprint order significant undertaking second the and we is to speed pillar accuracy. The our menu
order years. in counter. and the was working wasn’t make with improvements place of continue about direct more Our efforts with providing investment results our in in help Menu new and for restaurant run great we profitable focus franchisees Dunkin' our a encouraging just In it a the lowest and posted complaints our people many equipment accuracy feedback satisfaction overall simplifying XXXX on guest restaurants. better to operations guest the our to and efficient work simplification behind consumer and will technology to experience produced several number markets indicating speed, of
corporate media name store our in our about January began on about improving nearly Dunkin'. new consumers this bright, the it is announcements our in new the X from packaging. to Last the billion areas featured citizenship. donuts. It’s that guests When made just The on come brand sustainability And new also word artificial we included of logo, the our of to third most and several impressions. drove our one bold unveiled front. The pillar to as They year our focus relevance September removal brand branding that life matter isn’t relevance. blueprint dies in in brand big with see such we our packaging
Coffee World transition support commitment XXXX. Research to Styrofoam of Our a out X-year to coffee by and sustainability cups our agreement
focused it become great journey baked of Our to and providing the we evolving to or is big everywhere fast about call super blueprint, like convenience. part which is consumers. our of A on relevant that modern pillar of the coffee meeting fourth as to is our into more consumers needs
delivery with system. the our directly delivery is add a we them register space or Grubhub in high-quality with our excited and we POS to to partnering list cash that We for are partners. are one announce integrates number thrilled to that Grubhub of pilot are
starting are near a with and to look in test to expand We small will market alpha a future. pilot the larger
our We more We we There to simplify digital making with completed can two year Dunkin’ continue the power mobile are last to be orders at market ordering use. process. refreshes app X% more flexible and to and still from on-the-go with is to the card-free convenient platform, digital of the tremendous will with also faster be app acquisition, our initiatives. transactions. And tapped
more for how year Dunkin’. We consumers’ restaurants will test multi-tender they options a into our even well. to extends homes use Super and beyond conduct our convenience as this give guests
channel delivered $XXX than and for eclipsed and Dunkin’ Breakthrough X sales deals SKUs. million year added awarded CPG more new were in K-Cups. Nielsen licensing Our Innovation award retail new the business as we retail sales for X% or growth XXXX the We signed XX in full
retail as are grow to leader to well. to brand channel proud We space relevance in and the through be a able our be
number restaurant and over included expansion. for net convenient more this franchisees between XXXX, In guests our long-term XXX making Finally, doubling next through provided annually new the morning, that This build increasingly Dunkin’ including the XXX target press expectation our X a remodel. or expected of next-gen we targets. restaurants our franchisees new years. net units are will we than we Dunkin’ U.S. to our open that release We development achieved to new
For be of range. the XXXX, this low end expect at we to
new the into in with versus in restaurant continues the we even our quality are factors more on terms one retail the in be explain developers rigorous U.S., whitespace the but to new Let along this of me went focus becoming development quantity. units, criteria as top guidance. net opportunity we of on QSR significant development that Dunkin’ space
XXXX contributing target, rigor with year more paying the off, last achieved evidence to than $XXX million end our new sales. we is that system-wide new top first year As opened restaurants this of sales
of our XX% cash-on-cash comfortably the returns. developing and continues track between cohort XXXX in new Additionally, XX% store to top markets openings XX
Georgia Northeast, as As and Florida, a markets reminder, are states outside in Tennessee. core these such California, of of all XX the top
We is as markets final earnings well results will takeaway the QX in working with this, in but the core is May, the markets. likely blueprint share as newer key
trend We full saw Dunkin’ a provide XXXX, are expect experience. locations non-traditional on types we optimizing restaurants don’t our the other that closing The closures of increased we and to also include continue self-serve as in we focused footprint. remain
for While role in are play we an the strategic non-traditional to going units Dunkin’ sites important to selective of will more we be pursue. types continue
of of our our XX% earlier, XXXX net said to true outside be As Northeast continue markets. development core This markets. I will was our in core
will and on focus relocations. remodels We
before Our to franchisees appropriately remodel has restaurants system are the and in cautious committing build image been new the for some about time. multiple
be However, our we world Alright, to XXXX growth. class year our future for next-gens. our this I with the people confident take seeing the are about out building everywhere. now implementation foundation it together. plan, I fast to coffee succeed will foundational clearly to am in results Baskin. strong we great Dunkin' what modernize me and for our am XXXX. this Right on XXXX experience of Blueprint now, our in our the fully the and XXX turn team consumers to and deliver let confident franchisees, have on it was in of
accessible to of take delivery is enjoying packaged our goal as on as everyday life ice more by growing Baskin home cream. focusing of part sales a Our make well
opened memorable store now more we represents The in our few are in to continued in is a history, continue environment second matter. our Baskin coverage about It’s and The partnership modern new with a rollout year. to branch next available with have and Arabia delivery our nearly of earlier driving value XX showcasing open California moments store U.S. concept Fresno, on along XXX moving and design opening high-quality Baskin-Robbins as to Robbins’ in our and seasonal international in a I initiate the we’re And pioneered focused This offerings, more grow way. that ago. month national premium during we mentioned invites the that new of store create Alright business to have location XX% excited more XX% the than the XX-year we recently stores store in to We DoorDash family increase later our over Saudi in in technologies. friends product with our year-over-year. digital next-generation innovation who with on to through a store products experience, Dunkin' Texas an guests design weeks. store Moments a offers we the in on the first franchisees celebrated Last this unveiling international, finally milestone of traffic Saudi key the the and stabilize in and quarter a of years
is and international infrastructure experience, channel. For strategy the XXXX CPG strong in-store focused the on our delivery in and growing establishing enhancing
In new store rollout Dunkin' is of International’s design all to international restaurants across addition XXXX we will more the than now accelerate markets. which XXX in up our
So with our it financial over that turn cover I to to will results. Kate