Dunkin’ soaked 10% on plan to close 100 stores
Dunkin’ Brands (DNKN) shares dunked Thursday on a unsatisfactory opinion from the company, that includes a devise to tighten 100 stores.
Shares of Dunkin’ have been down $5.04, or 10.3%, to $43.97 following a display to investors where the association pronounced it expects to consequence in between $1.87 and $1.91 a share in mercantile 2015. Investors were seeking for a $1.92 a share profit, according to S&P Capital IQ.
The association additionally pronounced it skeleton to tighten 100 Dunkin’ Donuts stores in the U.S. this year and subsequent as preference store sequence Speedway beam behind authorization arrangements. This usually affects 0.1% of Dunkin’ U.S. sales, but it does exhibit a set upon opposite the chain’s enlargement plans.
Follow Matt Krantz on Twitter @mattkrantz