Shares of Dunkin Brands fell Thursday after the chain reported revenue that missed expectations, but CEO Nigel Travis told CNBC those concerns are "overdone."
In fact, he said Dunkin is a "development machine."
"If you compare us to everyone else in our industry with the exception of Starbucks … we are clearly a strong No. 2. We continue to open stores at very high rates. We continue to bring jobs into the sector," Travis said in an interview with "Closing Bell" on Thursday.
"So I think the concerns on the stock price have been overdone. We feel confident about the future. In fact, I feel more confident today than I did last quarter because our strategy is right on track."