Recently we reported that Dunkin’ Locations in Speedway stations will be closing. Now we are seeing reports of up to 800 Dunkin’ locations could close, this inlcudes the 450 Speedway locations.
In a recent press release they stated, “The Company expects that approximately 800 Dunkin’ U.S. locations, including the previously announced 450 limited-menu Speedway locations, may permanently close in 2020 on a gross basis as part of a real estate portfolio rationalization, being performed in conjunction with its franchisees, with the goal of setting the U.S. system up for continued strong, profitable future growth. The 800 locations would represent approximately 8 percent of the Dunkin’ U.S. total restaurant footprint and approximately 2 percent of 2019 Dunkin’ U.S. systemwide sales, inclusive of the Speedway closings.”
No confirmation yet on which locations could close.