Krispy Kreme Scales Back as Profit Dives
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Krispy Kreme Doughnuts Inc. (KKD.N) on Thursday posted sharply lower quarterly earnings, signaled that the second half of the year would be weak and scaled back store openings after it was battered by the low-carbohydrate diet craze.
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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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Business & money: Leading stores forecast shortfall in year's profits after shoppers cut back on festive spending
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Krisy Kreme Doughnuts will reduce its reported profits for last year, as an investigation by the Securities and Exchange Commission continues.
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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 Doughnuts, reeling from what it called accounting errors, said that it would reduce its reported profit for last year.
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Krispy Kreme Doughnuts Inc., the No. 2 US doughnut maker, said second-quarter earnings fell 56 percent, hurt by higher costs. Shares fell 19 percent after the company missed analysts
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Krispy Kreme Doughnuts Inc. 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 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: Quote, Profile, Research) on Monday reported a quarterly loss due to store closings and sluggish sales, sending its stock down 16 percent.
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Krispy Kreme shareholders hope for a break from the badness in this week's earnings report.
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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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Standard &amp; Poor&#39;s Equity Research maintained its &quot;hold&quot; rating for Krispy Kreme Doughnuts (nyse: KKD - news - people ) after the doughnut chain reported lower-than-expected third-quarter earnings.
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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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CHICAGO (CBS.MW) -Krispy Kreme Doughnuts Inc. shares dived more than 16 percent on Monday, leaving investors with a bad taste after the company reported a quarterly loss and pulled forecasts for the rest of the year.
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Krispy Kreme Doughnuts Inc.(KKD.N: Quote, Profile, Research) on Thursday reported a sharp drop in quarterly profit and signaled that business may not recover any
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Krispy Kreme Doughnuts Inc. KKD.N  on Monday reported a quarterly loss due to store closings and  sluggish sales, sending its stock down 16 percent.