Krispy Kreme fried by earnings, forecast pullback
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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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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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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. (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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Investors are finally figuring out that Krispy Kreme Doughnuts' shares are just like its doughnuts: Get 'em while they're hot because they can go stale in a hurry.
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Struggling doughnut shop chain Krispy Kreme Doughnuts Inc.  on Monday reported an unexpected quarterly net loss because of impairment charges and store closing costs.
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Yum Brands Inc, operator of the KFC, Taco Bell and Pizza Hut chains beat Wall Street's profit target on Monday, but its shares fell 2.3 percent after its boosted 2008 earnings per share forecast just missed analysts' target.
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Krispy Kreme Doughnuts Inc.  KKD.N  said on Monday that its chief operating officer is leaving the  company for another job, the latest setback for a company that  is trying to recover from sluggish sales and an accounting  probe.
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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  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 shareholders hope for a break from the badness in this week's earnings report.
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U.S. securities regulators have  ratcheted up their probe of Krispy Kreme Doughnuts Inc.  KKD.N, looking at how it repurchased some of its doughnut  franchises, the company said on Friday.
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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 revealed Thursday that its old recipe of adding stores and sales no longer is a source of new profits for the 67-year-old company.
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Krispy Kreme Doughnuts Inc. KKD.N on  Thursday reported a sharp drop in quarterly profit and signaled  that business may not recover any time soon, sending its shares  down more than 17 percent in pre-market trading.
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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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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.