Baskin Robbins 2012 Annual Report Download - page 6

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A Strong Platform for Continued Growth
In 2012 we had an impressive 46 percent adjusted operating income margin, marking an
approximately 300 basis point expansion over our already impressive 43 percent adjusted
operating income margin in 2011. These results underscore the power of our franchised,
asset-light business model. We’re committed to delivering 150 to 200 basis points of
continued margin expansion annually over the next 3 to 5 years.
Despite macro-economic instability and a tough competitive environment, consumer
demand for our products remains high. Our franchisee relationships are strong.
We have highly differentiated marketing, innovative products, a focus on operational
excellence and a strong restaurant pipeline for future growth.
Combine all of this with our ability to leverage our asset-light
business model, and we expect another year of 15 percent plus
earnings per share growth.
Thank you for your investment in Dunkin’ Brands.
We look forward to continuing to deliver
on our long-term targets and driving
value for you, our shareholders.
Regards,
Nigel Travis
Chief Executive Officer,
Dunkin’ Brands