Krispy Kreme shares take dunking
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Krispy Kreme Donut shares sink in the US as it warns it has to restate its financial reports - a move that may wipe $4m from its 2004 profits.
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Struggling doughnut shop chain Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) on Monday reported an unexpected quarterly net loss because of impairment charges and store closing costs.
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Krispy Kreme Doughnuts Inc. on Tuesday  said it would restate its fiscal 2004 financial reports due to  accounting errors, which could reduce earnings more than the  company had previously forecast, sending its stock down nearly  15 percent.
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Troubled doughnut maker Krispy Kreme will restate earnings for the last three quarters of fiscal 2004 in the wake of allegations the company padded shipments to hide declining sales over the last two years. Its shares sank nearly 10 percent.
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Shares in the struggling doughnut chain jump 10% after the firm says it has parted company with its chief executive.
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Impressive sales of sodas and sandwiches send the stock to a new high.
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Krispy Kreme Doughnuts said yesterday that the Securities and Exchange Commission had upgraded its inquiry of the company&#39;s financial reporting practices into a formal investigation.
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Struggling doughnut shop chain Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) on Monday reported a quarterly net loss because of impairment charges and store closing costs.
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Shares of Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) fell 11 percent before the bell on Monday after the struggling doughnut shop chain reported a quarterly net loss
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Shares of Krispy Kreme Doughnuts Inc. (KKD.N) fell more than 17 percent before the bell on Thursday after the doughnut chain posted sharply lower quarterly earnings and signaled that the second half of the year would be weak.
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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. (KKD.N: Quote, Profile, Research) on Monday delayed filing its quarterly financial report with the US Securities and Exchange Commission, citing an ongoing analysis of its accounting practices.
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McDonald's Corp. shares jumped to a six-year high yesterday after the world's largest fast-food chain raised its annual dividend 49 percent and said it expects to return more cash to shareholders over the next two years.
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Shares in Krispy Kreme Doughnuts drop by almost 20% after the firm announces a quarterly loss of $3m.
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Chief executive officer Scott Livengood was ousted Tuesday as head of Krispy Kreme Doughnuts Inc., the once-trendy chain whose stock price has plummeted amid a federal securities investigation and allegations of padded sales figures. Shares of Krispy Kreme jumped 12 percent.
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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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The Securities and Exchange Commission has escalated its investigation of Krispy Kreme Doughnuts Inc. to a formal inquiry, the company said yesterday.