Dunkin' Brands targets FY14 U.S. comp store sales growth of 3%-4% Targets FY14 annual Baskin-Robbins comp store sales growth of 1%-3%; Expects 2014 net income from joint ventures to be approximately 17% and expects 2014 effective tax rate to be approximately 37%. The company intends to support marketing initiatives on an International level mainly through social medial building. The company sees loyalty as the real catalyst for growth in sales and usage of the Dunkin' card. Established and emerging markets will remain the majority of its development in 2014. Comments taken from Q4 earnings conference call.
News For DNKN From The Last 14 Days
Check below for free stories on DNKN the last two weeks.
Dunkin' Brands partners with NAACP Dunkin' Brands is partnering with The National Association for the Advancement of Colored People to create a Diversity Franchising Initiative to increase the number of African-American owned franchise businesses in the U.S. Dunkin' Brands and the NAACP will collaborate to offer people of color in-depth franchising education and training as well as assistance in overcoming the financial challenges related to becoming a franchise owner.
Dunkin' Q2 comp estimate lowered, downgraded to Neutral at Janney Capital As previously reported, Janney Capital downgraded Dunkin' Brands to Neutral from Buy after the firm's channel checks prompted it to lower its Q2 same-store sales growth estimate for U.S. Dunkiní Donuts locations to 2.4%. The firm lowered its fair value estimate on the stock to $45 from $56, citing growing risks that Dunkiní Donuts' domestic SSS trends for the rest of the fiscal year may fall short of current Street expectations.