Krispy Kreme narrows losses despite 22% revenue drop

WINSTON-SALEM N.C. In a long-delayed report covering financial results for the first quarter of its current fiscal year 2007, which ends in January, Krispy Kreme Doughnuts Inc. reported a smaller loss compared with the year-earlier quarter despite a revenue decline of nearly 22 percent.

For the quarter ended April 30, the company’s net loss totaled $6 million, or 10 cents per share, versus $53.4 million, or 86 cents a share, in the year-earlier quarter, when the

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