Dunkin Horizontal AND RATIO ANALYSIS

Period Ending:

12/29/2012

12/31/2011

12/25/2010

Total Revenue

$658,181

$628,198

$577,135

Cost of Revenue

$121,091

$124,207

$112,914

Gross Profit

$537,090

$503,991

$464,221

Operating Expenses

Research and Development

$0

$0

$0

Sales, General and Admin.

$262,707

$240,625

$223,620

Non-Recurring Items

$1,278

$2,060

$7,075

Other Operating Items

$56,027

$52,522

$57,826

Operating Income

$239,429

$205,309

$193,525

Add'l income/expense items

($3,397)

($33,424)

($61,242)

Earnings Before Interest and Tax

$236,032

$171,885

$132,283

Interest Expense

$74,031

$105,072

$112,837

Earnings Before Tax

$162,001

$66,813

$19,446

Income Tax

$54,377

$32,371

($7,415)

Minority Interest

$684

$0

$0

Equity Earnings/Loss Unconsolidated Subsidiary

$22,351

($3,475)

$17,825

Net Income-Cont. Operations

$126,696

($3,255)

($17,269)

Net Income

$108,308

$34,442

$26,861

Net Income Applicable to Common Shareholders

$108,308

$34,442

$26,861