Dunkin’ Brands Group Inc. says it expects slower sales of packaged coffee at its Dunkin’ Donuts shops and ongoing pressure on consumers to continue into next year. It also expects its joint ventures in Japan and Korea to hurt its 2015 results. The company lowered its fiscal 2015 forecast for a key sales metric. Its shares skidded more than 6 percent in premarket trading. Dunkin’ Brands now foresees 2015 sales at Dunkin’ Donuts locations in the U.S. open at least a year will climb 1 percent to 3 percent. For Baskin-Robbins, the company anticipates growth of 1 percent to 3 percent. Dunkin’ Brands expects a fiscal 2015 adjusted profit in a range of $1.88 to $1.91 per share. It predicts revenue growth of 5 percent to 7 percent. Analysts polled by FactSet are calling for full-year earnings of $2.02 per share. Dunkin’ Brands, which runs Dunkin’ Donuts and Baskin-Robbins, also cut its forecast for a key sales metric for fiscal 2014. Dunkin’ Brands will report its fourth-quarter and fiscal 2014 financial results on Feb. 5, 2015.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
