Krispy Kreme&#39;s Bad Dough
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This morning, Motley Fool Stock Advisor pick Krispy Kreme Doughnuts (NYSE: KKD) announced that second-quarter 2005 net income dropped by 56% from last year despite higher sales.
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The doughnut maker confesses to a bad quarter but pledges to make a comeback.
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Krispy Kreme Doughnuts said second-quarter net income fell 55 percent to $5.8 million, the latest reported setback for the one-time Wall Street darling.
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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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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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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. reported Thursday that second-quarter profits fell by more than 50 percent, widely missing Wall Street estimates.
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Krispy Kreme Doughnuts Inc. posted a fiscal third-quarter loss of $3 million on costs to close stores after same-store sales fell for the first time as a public company.
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Krispy Kreme Doughnuts Inc., an investor favorite whose fortunes have soured in recent months, reported disappointing second-quarter earnings yesterday and saw its stock price drop by 10 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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CHICAGO (CBS.MW) - Krispy Kreme blamed the Atkins Diet for much of its skinny second-quarter results Thursday, but peeling back the numbers shows an alarming and dramatic decline in margins across the company in all markets.
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Krispy Kreme Doughnuts Inc. is being investigated by the US Securities and Exchange Commission regarding some accounting practices.
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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&#39;s quarterly results fell sharply for the third consecutive quarter as sluggish sales and an intensifying government investigation raised concerns yesterday about whether the glaze was permanently off the once-hot pastry maker.
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Krispy Kreme Doughnuts Inc., dogged by slipping sales and questions about its accounting practices, yesterday said it would restate earnings for 2004 and warned it may default on nearly $91 million in loans.
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Krispy Kreme Doughnuts Inc. KKD.N   said on Tuesday that it is unable to file a timely quarterly   report with the U.S. Securities and Exchange Commission for the   quarter ended July 30, 2006.
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Shares of Krispy Kreme Doughnuts Inc.  KKD.N fell 11 percent before the bell on Monday after the  struggling doughnut shop chain reported a quarterly net loss  because of impairment charges and store closing costs.