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.
Continue Reading Below
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)