Krispy Kreme Doughnuts Inc. believes it would be better off if someone else built and operated its shops. The Winston Salem, N.C.-based doughnut chain plans to focus more exclusively on franchising in the coming years, executives said during the company’s earnings call Tuesday. Their reason is simple: Franchisees have been doing a better job than the company at operating the chain’s locations. “Domestically, our franchisees continue to outperform our company shops,” ...

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