WINSTON-SALEM N.C. Krispy Kreme Doughnuts Inc. looks today like the embattled company it was two years ago, with newly bankrupt franchisees and a most recent quarter of wider net losses blamed on large impairment charges and declining sales. —Despite efforts to reverse a steep drop in sales and profit that started in 2004, the operator or franchisor of 411 Krispy Kreme doughnut shops posted a second-quarter net loss of $27 million, or 42 ...

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