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Dunkin' Donuts plans for 65 stores in Brazil

CANTON, Mass. (AP) -- Dunkin' Brands Group Inc. said Thursday that it plans to open 65 Dunkin' Donuts stores in Brazil.

In a statement, the company announced a licensing agreement with OLH Group to begin work on restaurants in the capital city of Brasilia and the state of Goias, with the aim of opening 65 restaurants over "the next several years."

Dunkin' Donuts has restaurants in 33 countries. The company said that its stores in Brazil will offer the Dunkin' range of donuts, muffins and coffee as well as some regional menu items catering to local tastes.

Dunkin' has previously announced plans to open between 650 and 800 Dunkin' Donuts and Baskin-Robbins stores worldwide this year.

Last month, Dunkin' Brands reported a 23 percent jump in quarterly profit as more customers came into its stores and spent more money when they were there.

Its shares have climbed 9 percent this year, far ahead of the overall stock market.

They were up 13 cents to $52.38 in late trading Thursday.