Krispy Kreme 1Q profit plunges 54%

WINSTON-SALEM N.C. Krispy Kreme Doughnuts Inc. reported a 54-percent decline in first-quarter profit as revenue fell 10 percent and lease termination costs and charges from credit facility changes hurt the parent company to the struggling doughnut chain.

For the quarter ended May 3, Krispy Kreme earned $1.9 million, or 3 cents per share, compared with $4.0 million, or 6 cents per share, in the same quarter a year ago. The company booked $2.4 million in lease

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