Krispy Kreme profit doubles in 1Q

Same-store sales rise in the U.S., but fall in international markets

Krispy Kreme Doughnuts Inc. said its profit more than doubled in the first quarter on positive sales trends and lower expenses.

For the May 1-ended quarter, Krispy Kreme’s net income totaled $9.2 million, or 13 cents per share, which the company described as its best quarterly profit since 2004. The company earned $4.5 million, or 6 cents per share, in last year’s first quarter, when it booked higher impairment charges and interest expense.

Revenue in the

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish