Canaccord Genuity Morning Coffee on Dunkin' Brands (DNKN): Dunkin' Dough-Naans?

May 31, 2012 11:21 AM EDT
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Canaccord Genuity Morning Coffee on Dunkin' Brands (Nasdaq: DNKN): Dunkin' Dough-naans?

Dunkin’ Donuts is placing big bets on emerging economies such as India to expand globally as it seeks to supplement slow growth in its home market. The Wall Street Journal reports it aims to open 340-450 outlets outside the U.S., including 100 stores in India over the next five years as it goes head-to-head with rival Starbucks (Nasdaq: SBUX), which is due to open in the country in the coming months. The donut and ice-cream seller officially kicked off its first location in India earlier this month in a local joint venture with India's Jubilant FoodWorks. “Emerging markets are attractive because they are growing very quickly, they've a fast-growing middle-class, and they love American brands,” CEO Nigel Travis said Wednesday. These markets will contribute a “disproportionate” part of the company's revenue in the future and he added that it is also planning to enter Brazil this year. The focus on emerging markets is important because the international expansion of its namesake brand has lagged behind the rest of the business.

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