Krispy Kreme probe widens
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WINSTON-SALEM -- The Securities and Exchange Commission is raising the status of its investigation of troubled doughnut maker Krispy Kreme to a formal inquiry.
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CHARLOTTE, N.C. - Krispy Kreme Doughnuts Inc., which has been transformed from Wall Street's darling into the bane of carb-conscious consumers, scaled back its expansion plans Thursday after posting second-quarter profits that fell far short of expectations...
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WINSTON-SALEM, N.C., Feb. 26 -- Krispy Kreme, the company known for its glazed doughnuts, its chocolate iced glazed doughnuts and its glazed "kreme"-filled doughnuts, on Monday introduced a whole-wheat doughnut.
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Krispy Kreme Doughnuts Inc. on Tuesday  said it would restate financial statements for its 2004 fiscal  year due to errors in how it accounted for the repurchase of  franchises, which could reduce earnings more than the company  had previously forecast.
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U.S. securities regulators have  ratcheted up their probe of Krispy Kreme Doughnuts Inc.  KKD.N, looking at its franchise repurchases, the company said  on Friday, triggering a slide of nearly 12 percent in its stock  before the bell.
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The turmoil at Krispy Kreme deepened after the doughnut maker said yesterday its chief operating office had quit.
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Krispy Kreme Doughnuts Inc. said Friday it has been informed by the Securities and Exchange Commission that the agency&#39;s investigation of the company has now become a formal probe.
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Krispy Kreme Doughnuts Inc.  said it  expects to post a net loss in third quarter of fiscal 2007, as  substantial costs associated with legal and regulatory matters  continue to hurt its results.
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Krispy Kreme Doughnuts Inc. disclosed in a recent regulatory filing that its independent auditors have refused to sign off on the Winston-Salem company&#39;s quarterly financial statement until an outside law firm performs additional work.
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Krispy Kreme Doughnuts Inc. KKD.N  has delayed filing its quarterly financial report with federal  regulators for the second time in a week, citing an ongoing  analysis of its accounting practices, the doughnut shop chain  said late on Wednesday.
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Krispy Kreme Doughnuts Inc.  on Tuesday named new top executives, retained a financial adviser and said it was taking other steps to address its current situation.
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- Krispy Kreme Doughnuts Inc  reported a wider second-quarter net loss on higher impairment charges and lease termination costs.
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Krispy Kreme Doughnuts Inc., the second-largest US doughnut maker, had a fiscal third- quarter loss of $3 million, or 5 cents a share, compared with net income of $14.5 million, or 23 cents, a year earlier.
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Shares of Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) fell more than 17 percent before the bell on Thursday after the doughnut chain posted sharply lower quarterly
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Krispy Kreme Doughnuts Inc. KKD.N  said on Thursday a law firm it hired found no intentional  misconduct by the company and its employees concerning an  accounting error in an acquisition in fiscal 2004.
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Stocks to watch: KRISPY KREME DOUGHNUTS INC.
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U.S. securities regulators have  ratcheted up their probe of Krispy Kreme Doughnuts Inc.'s  KKD.N franchise buybacks, the company said on Friday,  triggering a sharp drop in its stock.