Earnings Not So Sweet for Krispy Kreme
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Krispy Kreme Doughnuts Inc. (KKD.N) on Thursday said its quarterly profit tumbled by more than half and slashed its sales growth outlook for the rest of the year, wiping 17 percent off the value of its stock.
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Krispy Kreme, which wowed Wall Street with a hot old-economy growth story when it went public, has lost more than two-thirds of its value since it peaked a year ago.
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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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If investors thought things could only get better for Krispy Kreme Doughnuts (KKD:NYSE - news - research) after its disastrous summer, Monday&#39;s third-quarter debacle proved them wrong.
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Shares in Krispy Kreme Doughnuts have plummeted by almost 20% after the firm announced a quarterly loss of $3m due to store closures and poor sales.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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Krispy Kreme shareholders hope for a break from the badness in this week's earnings report.
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Some shoddy reports trickling in Thursday night threw a wrench into an otherwise uneventful second-quarter earnings season for retailers. At least one analyst thinks its a harbinger, as consumers get cautious about spending money on anything that isn&#39;t ...
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The food company's second-quarter earnings don't impress investors.
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Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) on Thursday posted sharply lower quarterly earnings, signaled that the second half of the year would be weak and scaled back
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Krispy Kreme Doughnuts Inc. KKD.N on  Thursday said its quarterly profit tumbled by more than half  and slashed its sales growth outlook for the rest of the year,  wiping 17 percent off the value of its stock.
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Yum Brands Inc , operator of the KFC, Taco Bell and Pizza Hut fast-food chains, posted a slightly lower quarterly profit on Monday as higher costs in the United States offset strength in its international business.
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U.S. securities regulators have ratcheted up their probe of Krispy Kreme Doughnuts Inc. , 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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CHARLOTTE, NC - Shares of Krispy Kreme Doughnuts Inc.&#39;s fell sharply Monday as a 79 percent plunge in third-quarter earnings and an intensifying accounting investigation overshadowed the pastrymaker&#39;s statement that the low-carb craze might be easing.
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Krispy Kreme Doughnuts, reeling from what it called accounting errors, said that it would reduce its reported profit for last year.
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Have weak first-quarter earnings pulled the plug on this party?
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Sales were lower than expected, and the quality of earnings is in question.