The statement states that, "Dunkin’ reached an agreement with Speedway earlier this year to exit the approximately 450 Speedway owned and operated limited menu Dunkin’ locations along the east coast by the end of 2020." Heartbreaking!
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The news was first announced in the company's fourth quarter earnings call in February--which was prior to the novel coronavirus outbreak!
The convenience stores, which are located on the East Coast, made up for less than 0.5% of U.S.-based margins in 2019.
Even though they are closing the Speedway locations, the company says that it's still looking to land in more in gas stations, convenience stores, airports, universities, travel plazas, and military installations.