Dunkin' Brands Cuts'15 Same-Store Sales Forecast

Features Reuters

Dunkin' Brands Group Inc cut its 2015 forecast for same-store sales growth in the United States and operating income growth, citing slowing sales of packaged coffee in its restaurants.

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The company said it now expected U.S. comparable-store sales for Dunkin' Donuts to grow 1-3 percent, down from its previous forecast of 2-4 percent.

It also cut its forecast for adjusted operating income growth to 6-8 percent from 10-12 percent.

The company forecast adjusted earnings of $1.88 to $1.91 per share. Analysts on average were expecting earnings of $2.02, according to Thomson Reuters I/B/E/S. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)