US doughnut chain Krispy Kreme Doughnuts Inc. (KKD), Thursday reported fourth-quarter net income of $4.8 million or $0.07 per share, down from $143.5 million or $2.01 per share last year.
Last year's results included an unusual credit of $139.6 million from the reversal of valuation allowances on deferred income tax assets.
Excluding special items, net income for the quarter improved to to $7.4 million or $0.11 per share from $4.0 million or $0.06 per share last year. On average, six analysts polled by Thomson Reuters expected earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the three-month period grew 15.9 percent to $118.1 million from $102.0 million last year. Analysts estimated revenues of $115.93 million for the quarter.
Looking forward to the fiscal year 2014, the company lifted its adjusted earnings guidance to a range of $0.53 to $0.57 per share, from prior estimate of $0.49 to $0.55 per share. Analysts currently expect earnings of $0.58 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.