100 Dunkin' Donuts Stores Closing

Bad news for Dunkin' Donuts fans and worse news for its investors: The chain announced on Thursday that 100 locations across the US will close over this year and next, reports CNNMoney, which notes that shares dived more than 12% following the announcement. All the stores that are closing are in Speedway gas station locations, NBC New York reports.

Dunkin' execs stress that only a small fraction of US locations are closing and that the company is still on course to open more, CNN reports. The president of Dunkin' Donuts US and Canada says sales figures have been disappointing, but things should perk up with new items like the Maple Bacon Square Donut. (Earlier this year, the chain ditched a controversial ingredient.)