Krispy Kreme 2Q revenue, same-store sales rise

Krispy Kreme 2Q revenue, same-store sales rise

Net income dropped slightly by 4.1%

Krispy Kreme Doughnuts Inc.’s double-digit increases in revenue and same-store sales were obscured by a slight decrease in net income in the second quarter ended Aug. 4, when a $1 million pretax charge for the refinancing of its credit facilities and the retirement of its remaining loan balances caused a 4.1-percent drop in profit. The Winston-Salem, N.C.-based chain operates or franchises more than 790 units in 22 countries.

NET INCOME

Result: $4.7 million, or 7 cents per share
% Decrease: 4.1% (from $4.9 million, or 7 cents per share)

REVENUE

Result: $112.7 million
% Increase: 10.4% (from $102.1 million)

SAME-STORE SALES

% Increase at company-owned units: 10 percent


% Increase at franchised units: 11.5 percent


% Increase at international units: 0.5 percent


Source: Company report

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Contact Mark Brandau at [email protected].
Follow him on Twitter: @Mark_from_NRN

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