July 30 (UPI) — Dunkin’ Brands plans to close 800 Dunkin’ stores in the United States, the company said in its quarterly earnings report Thursday.
The company, which runs both the Dunkin’ and Baskin-Robbins restaurant chains, announced the closures would affect 8% of its total restaurants in the United States and 2% of its U.S. sales.
The closures include the previously announced shuttering of 450 limited-menu locations in Speedway convenience stores.
Additionally, the company said 350 restaurants outside the United States may close on a permanent basis.
During the second quarter, Dunkin’ reported the closure of 229 Dunkin and Baskin-Robins locations, 40 Dunkin locations in the United States and 180 Baskin-Robbins locations elsewhere.
Revenues also decreased by 20% and Dunkin’ store sales fell by 18.7%.
The report reflects impacts of the COVID-19 pandemic, which caused many non-essential businesses to close. The company reported that 96% of U.S. Dunkin’ locations were open as of July 25.
