Net income dropped slightly by 4.1%
Krispy Kreme Doughnuts Inc.’s double-digit increases in revenue and same-store sales were obscured by a slight decrease in net income in the second quarter ended Aug. 4, when a $1 million pretax charge for the refinancing of its credit facilities and the retirement of its remaining loan balances caused a 4.1-percent drop in profit. The Winston-Salem, N.C.-based chain operates or franchises more than 790 units in 22 countries.
Result: $4.7 million, or 7 cents per share
% Decrease: 4.1% (from $4.9 million, or 7 cents per share)
Result: $112.7 million
% Increase: 10.4% (from $102.1 million)
% Increase at company-owned units: 10 percent
% Increase at franchised units: 11.5 percent
% Increase at international units: 0.5 percent
• Krispy Kreme celebrates 76th birthday via Facebook
• Krispy Kreme focuses on boosting beverage sales
• Same-store sales at NRN.com
Contact Mark Brandau at firstname.lastname@example.org.
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