Krispy Kreme's (KKD) board approves $50M in buybacks effective immediately, reflecting...

|About: Krispy Kreme Doughnuts, Inc. (KKD)|By:, SA News Editor

Krispy Kreme's (KKD) board approves $50M in buybacks effective immediately, reflecting "financial strength [and] outstanding free cash flow generation," in the words of CEO James Morgan. The company has also refinanced its secured credit facilities which should generate $1M in interest expense savings in the next year. (PR)