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QSR & Coffee

Dunkin’

Parent: Inspire Brands · PE-owned parent (Roark Capital); franchised

Credit ratingNot rated
AAAAAABBBBBBCCCD

No verified agency rating for Inspire Brands.

Rating shown is for parent Inspire Brands, not for Dunkin’ on its own.

Founded1950Source: Wikidata
EmployeesNot verifiedNo verified source
Locations8,7802025; source: QSR Magazine, Inspire Brands brand review
HeadquartersCanton, MassachusettsQSR & Coffee

New Initiatives

How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.

Dunkin’ is a coffee and baked goods chain owned by Inspire Brands and operated almost entirely by franchisees. Inspire, backed by Roark Capital, also owns Arby’s, Buffalo Wild Wings, Sonic, Jimmy John’s and Baskin-Robbins.

Store count

8,780 as of 2025
-10.1% 1-year change vs. prior fiscal year
  1. 9,2442021
  2. 9,3702022
  3. 9,5802023
  4. 9,7682024
  5. 8,780Latest

U.S. restaurants. Counts as reported at each period end. Sources: QSR 50 2023 (2022 U.S. units, Circana ReCount); QSR 50 2024 (2023 U.S. units, company-submitted); QSR 50 2025 (2024 U.S. units, company-submitted); QSR Magazine, Inspire Brands brand review and 1 earlier sources.

What’s changing

  1. Update

    Inspire Brands confidentially filed for a U.S. initial public offering. Source: Reuters

Ownership history

  1. 2006

    Bain Capital, The Carlyle Group and Thomas H. Lee Partners buy Dunkin' Brands from Pernod Ricard Source: Wikipedia: Dunkin' Brands

  2. 2011

    Dunkin' Brands IPO on Nasdaq Source: Wikipedia: Dunkin' Brands

  3. 2020

    Acquired by Inspire Brands and taken private Source: Wikipedia: Dunkin' Brands

SEC Filings

Private company, no public SEC filings. Inspire Brands, Inc. does not file annual reports with the SEC.

Credit ratings

AgencyRatingOutlookAs ofSource
S&P GlobalUnavailableNo Inspire Brands issuer rating verifiedNot verified
Moody’sUnavailableNo Inspire Brands issuer rating verifiedNot verified

Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.

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