We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jorj X Mckie who wrote (63506)11/22/2002 7:53:34 AM
From: Lost1  Read Replies (2) of 63513
long fried DOH!? Krispy Kreme Profit Rises 55 Percent
1 hour, 21 minutes ago Add Business - Reuters to My Yahoo!

WINSTON-SALEM, N.C. (Reuters) - Krispy Kreme Doughnuts Inc. (NYSE:KKD - news) said on Friday third-quarter earnings rose 55 percent as robust doughnut sales were complemented by a new coffee-selling initiative.

The company, known for its "hot original glazed" and other premium doughnuts, reported net income for the quarter ended Nov. 3 totaled $10.1 million, or 17 cents a diluted share, up from $6.5 million, or 11 cents a diluted share, a year-earlier.

Wall Street analysts, on average, had been expecting the company to earn 16 cents per share, according to research firm Thomson First Call.

Systemwide sales, including sales from company-owned and franchise locations, rose 26.5 percent to $195.3 million. Sales in stores open for at least one year -- a key measure known as comparable store sales -- rose percent, and increased 10.1 percent systemwide.

Looking ahead, the company said it expects fourth-quarter earnings per share to rise nearly 30 percent to 18 cents per share from the 14 cents per share earned a year earlier. That is in line with current Wall Street expectations.

Krispy Kreme shares, which are down about 16 percent so far this year, ended Thursday up 5 cents at $36.95 in Nasdaq composite trade on the New York Stock Exchange (news - web sites).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext