WINSTON-SALEM N.C. Krispy Kreme Doughnuts Inc. reported a 54-percent decline in first-quarter profit as revenue fell 10 percent and lease termination costs and charges from credit facility changes hurt the parent company to the struggling doughnut chain. For the quarter ended May 3, Krispy Kreme earned $1.9 million, or 3 cents per share, compared with $4.0 million, or 6 cents per share, in the same quarter a year ago. The company booked $2.4 million in lease termination charges and ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!