Krispy Kreme 1Q profit rises 21.3%

Krispy Kreme 1Q profit rises 21.3%

Severe winter weather, difficult comparisons dampened same-store sales

Krispy Kreme Doughnuts Inc. saw a 21.3-percent increase in net income for the first quarter ended May 4.

Despite that healthy gain, the Winston-Salem, N.C.-based doughnut chain lowered its earnings-per-share guidance for the fiscal year to between 68 cents and 74 cents, a decrease from 73 cents to 79 cents. Krispy Kreme’s cautious guidance is due to higher expenses related to investment in a new enterprise resource planning system and costs related to its executive mana

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