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Krispy Kreme -9% as full-year guidance cut

  • FQ1 operating income of $16.2M (+6.6% Y/Y)
  • Store count of 855 (+3.3%)
  • Domestic same store sales +2.3%; constant currency international same store sales -2.2%.
  • Cash provided by operating activities of $13.7M ($14.4M a year ago).
  • Management notes severe weather as same store sales in the Southeast fall 1.5%.
  • Full year adjusted EPS guidance is cut to $0.69-$0.74 from $0.73-$0.79.
  • CC at 4:30 ET
  • Previously: Krispy Kreme Doughnuts EPS in-line, misses on revenue
  • KKD -9% AH
Comments (5)
  • Mark Krieger
    , contributor
    Comments (3763) | Send Message
     
    buy the dip...extreme weather was the culprit for the rev miss..not their fault
    2 Jun, 04:28 PM Reply Like
  • JCAGE
    , contributor
    Comments (7) | Send Message
     
    thats crap, if bad weather is coming, whats the first thing people do - go load up on groceries, and last i checked Krispy Kreme is all in the grocery stores and in gas stations, so don't believe in garbage, think about it in a common sense way , the nation is more health conscience than ever before - thats their decline!
    2 Jun, 06:24 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    The nation is more health conscience than ever before??? You realize the nation is fatter than ever before, right?
    2 Jun, 09:20 PM Reply Like
  • CarlRichard
    , contributor
    Comments (30) | Send Message
     
    I think of better places to invest than Krispy Kreme...their doughnuts are nothing special and it would be a good thing if people were buying less of them.
    2 Jun, 09:58 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2564) | Send Message
     
    Homer Simpson, where art thou?
    3 Jun, 01:15 AM Reply Like
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