Dunkin' Brands CEO Nigel Travis is disappointed in the company's earnings miss, but told CNBC there was a silver lining in the numbers.
Dunkin' Brands reported weaker-than-expected U.S. quarterly same-restaurant sales, due in part to a cold and rainy start to the spring season, and cut its full-year adjusted profit and sales forecasts.
It also warned that full-year U.S. comparable sales growth at Dunkin' Donuts restaurants are likely to be lower than its forecast.
"We're disappointed we missed. It doesn't hit our normal high standards," Travis said in an interview with "Closing Bell."
"But I think what was important about the quarter is despite the disappointments, we saw some very good news—we grew our transactions and we grew it in an industry that seems to have stagnated."