Dunkin' (DNKN) Sees 6-8% LT Sales Growth, Calls McDonald's (MCD) Its Top Competitor
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Shares of Dunkin' Brands (Nasdaq: DNKN) are now up nearly 3 percent Monday afternoon as the company's Chief Global Strategy Officer Neil Moses just finished speaking at the Jefferies Global Consumer Conference. Below are some highlights from Moses' presentation.
- sees opportunities in Latin America, Europe and Africa
- expecting 6-8 percent long-term sales growth
- sees FY12 same-store sales up 4-5 percent
- called McDonald's (NYSE: MCD) its top competitor
- says K-Cup sales are stronger in new markets
- franchisees are "reluctant" to raise coffee prices
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