Originally published at www.seclive.com
Filing in Focus: Krispy Kreme 8-K, September 9, 2014
Krispy Kreme Doughnuts, Inc. (KKD) announced its financial results for the second fiscal quarter of 2014, posting a rise in earnings from a year ago. The doughnut retailer saw revenues increase by nearly 7% to $120.5M, beating analyst expectations of $118M. Domestic same-store sales rose 2.8% while international same-store sales fell 2.4%. Krispy Kreme earnings rose from the year-ago $4.7M and $0.07 per share to $5.8M and $0.08 per share while adjusted earnings fell from $0.14 to $0.13 per share, missing analyst predictions at $0.16 per share. Krispy Kreme has made several business partnerships this year, including grocery aisles in Wal-Mart (NYSE:WMT) and a K-Cup agreement with Green Mountain Coffee Roasters (NASDAQ:GMCR). CEO Tony Thompson commented that revenue in company-owned stores was a priority and the company did well as it seeks to improve traffic and sales.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.