Company posts its first profit in 7 years, but sales drop overseas
Krispy Kreme Doughnuts Inc. said last week it had turned the corner in its core U.S. market after six years of declining systemwide sales and seven years of net losses, but the company acknowledged major erosion in same-store sales overseas. Details about international franchise operations released March 31 with Krispy Kreme’s fourth-quarter and full-year financial results for the fiscal year ended Jan. 30 may have struck a familiar chord with domestic franchisees of the brand who ...
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