Dunkin’ Donuts Is Creaming Starbucks in the Stock Market
Donald Trump’s presidential election victory seems to have boosted shares of both Dunkin’ Brands and Starbucks—but only one has lived up to its investors’ expectations.
As first noted by CNNMoney, stock in Dunkin’ Brands (DNKN), the parent company of Dunkin’ Donuts, has outpaced Starbucks (SBUX) shares in the last year. While Starbucks has fallen some 5% over the last 12 months, Dunkin’ has gained 25% over the same time period. And Dunkin’ shares are up a healthy 10% so far in 2017.
Dunkin shares have risen about 17% since election day, while Starbucks shares are only up 2% after spiking almost 9% in the weeks after the election.
Dunkin’s stock took a slight hit early Friday, however, as CFO Paul Carbone said he’d step down on April 21.