Krispy Kreme Doughnuts Inc. said its profit more than doubled in the first quarter on positive sales trends and lower expenses. For the May 1-ended quarter, Krispy Kreme’s net income totaled $9.2 million, or 13 cents per share, which the company described as its best quarterly profit since 2004. The company earned $4.5 million, or 6 cents per share, in last year’s first quarter, when it booked higher impairment charges and interest expense. Revenue in the latest quarter ...
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Contact: Desiree Torres Desiree.Torres@penton.com