Krispy Kreme Doughnuts Inc. swung to a profit in the second quarter as sales rose at its 633-unit doughnut and coffee chain. The company reported net income of $2.2 million, or 3 cents per share, for the second quarter ended Aug. 1. That compares with a loss of $157,000 in the year-ago quarter, when the company booked higher interest expense and impairment charges. Revenue rose 6.3 percent to $87.9 million from $82.7 million in the second quarter last year, the Winston-Salem, N.C.-based ...
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Contact: Desiree Torres Desiree.Torres@penton.com