Krispy Kreme posts steep loss in 2nd Q

WINSTON-SALEM N.C. The Krispy Kreme turnaround has hit a snag. Following the recent bankruptcies of two franchisees, Krispy Kreme Doughnuts Inc. reported Thursday a significantly wider second-quarter net loss versus a year earlier, on a fall in revenue and large impairment charges.

The company's net loss for the second quarter of its fiscal 2008 was $27 million, or 42 cents per share, compared with a loss of $4.6 million, or 7 cents per share, in the year

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