It is driven by a sales decline in Japan and South Korea.
Baskin-Robbins has announced its third quarter results ended September 30, 2017. Its international systemwide sales decreased 2.0% in the third quarter compared to the prior year period driven by a sales decline in Japan and South Korea, offset by sales growth in the Middle East and Southeast Asia. Sales in Japan were negatively impacted by foreign exchange rates. On a constant currency basis, systemwide sales increased by approximately 1%.
Baskin-Robbins International third quarter revenues increased 3.2% from the prior year period to $28.8 million due primarily to an increase in sales of ice cream products to its licensees in the Middle East, offset by decreases in royalty income and other revenues.
The Company continues to expect mid-to-high single digit GAAP operating income growth and adjusted operating income growth on both a 52- and 53-week basis.
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