logo
Share SHARE
FONT-SIZE Plus   Neg

Krispy Kreme Doughnuts Q2 Profit Tops Estimate

Krispy Kreme Doughnuts, Inc. (KKD) reported second-quarter net income of $4.9 million or $0.07 per share, down from $8.8 million or $0.12 per share in the comparable quarter last year.

Excluding items, adjusted net income for the quarter was $8.2 million or $0.12 per share, compared to $4.2 million or $0.06 per share in the year-ago quarter.

On average, 6 analysts polled by Thomson Reuters expected the company to earn $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the latest quarter rose 4.3 percent to $102.1 million from $98.0 million last year. Four analysts expected revenues of $103.74 million for the quarter.

Looking ahead, the company raised its fiscal 2013 adjusted earnings guidance to $0.36-$0.42 per share and GAAP earnings guidance $0.22-$0.25 per share. Previously the company had forecasted adjusted earnings per share to be between $0.35 and $0.41 and GAAP earnings to be between $0.21 and $0.24.

Analysts currently expect the company to earn $0.24 for the fiscal 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The recent week marked the lull before the storm, with very few market moving economic numbers released during the week. However, the economic news flow picks up pace in the upcoming week, offering glimpses into every vehicle of economic growth, ranging from consumers to private sector activity to housing.... Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations.
comments powered by Disqus
RELATED NEWS
Trade KKD now with 
Follow RTT