Market Overview

UPDATE: Krispy Kreme Posts Upbeat Q1 Profit, Affirms FY13 Forecast

Related KKD
Stocks Gain As Oil, Euro Continue Sharp Sell Off
Krispy Kreme Doughnuts Falls Despite Positive Conference Call

Krispy Kreme Doughnuts Inc (NYSE: KKD) reported a 34% drop in its fiscal first-quarter net income.

Krispy Kreme's quarterly earnings fell to $6 million, or $0.08 per share, from $9.2 million, or $0.13 per share, in the year-ago quarter. Its adjusted net income came in at $0.14 per share.

Krispy Kreme's revenue climbed to $108.5 million from $104.6 million. However, analysts were expecting earnings of $0.10 per share on revenue of $111.9 million. Its same-store sales surged 2.1%.

Krispy Kreme affirmed its forecast for the full fiscal year. It expects earnings of $0.21 to $0.24 per share, or an adjusted profit of $0.35 to $0.41 per share. However, analysts were expecting earnings of $0.30 per share.

Krispy Kreme shares gained 3.99% to $6.25 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (KKD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters