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Krispy Kreme Net Income Drops While Revenue Increases

|Includes: Krispy Kreme Doughnuts, Inc. (KKD)

Originally published at

Krispy Kreme Doughnuts, Inc. (KKD) announced its second quarter results for fiscal year 2013, reporting net income declines while revenue increased. Net income dropped from $4.9M, or $0.07 per share this quarter last year to $4.7M, or $0.07 earnings per share this quarter. Though company revenue increased 10% from $102.1M last year to $112.7M, the company has been dragged down from losses on derivatives, negatively impacting its bottom line. Krispy Kreme reaffirmed its annual guidance of earnings per share between $0.59 and $0.63, just under analyst predictions of $0.64 earnings per share. Sales at stores open at least a year increased 10%, a key performance indicator that many use to assess the financial stability and performance of the business.

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