Dunkin' Brands Slices Earnings Outlook

Dunkin' Brands cut its fiscal 2015 earnings per share outlook to a range of $1.83 to $1.87, below the Wall Street consensus of $1.92, according to FactSet. The Dunkin' Donuts and Baskin-Robbins parent had previously forecast earnings between $1.88 and $1.91 a share. The company also announced on Monday the completion of a $2.6 billion securitized refinancing. Dunkin' Brands said the reduced EPS outlook reflects the impact of the new debt structure and the expected use of proceeds on interest expense and shares outstanding. Its board on Monday announced a new $700 million share buyback program. Shares of Dunkin' Brands slid 0.5% in after-hours trade.