Krispy Kreme Posts Net Loss After Charges
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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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U.S. securities regulators have  ratcheted up their probe of Krispy Kreme Doughnuts Inc.  KKD.N, 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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Struggling doughnut shop chain Krispy  Kreme Doughnuts Inc. KKD.N on Monday reported an unexpected  quarterly net loss because of impairment charges and store  closing costs.
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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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Struggling doughnut chain Krispy  Kreme Doughnuts Inc. KKD.N said on Tuesday it is slashing 25  percent of its staff outside retail outlets and needs to secure  new funding by the end of March.
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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., the second-largest US doughnut maker, had a fiscal third- quarter loss of $3 million, or 5 cents a share, compared with net income of $14.5 million, or 23 cents, a year earlier.
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Troubled doughnut maker Krispy Kreme said Thursday that lawyers have concluded for a second time that no one at the company engaged in intentional misconduct related to the company&#39;s acquisition of a Michigan franchise.
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Krispy Kreme Doughnuts Inc. KKD.N 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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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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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 of Krispy Kreme Doughnuts Inc.  KKD.N fell 8.8 percent before the bell on Tuesday after news  wires reported that papers filed in a shareholder lawsuit  accused the company of hiding declining sales for more than a  year before reporting its first quarterly loss.
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Stocks to watch: KRISPY KREME DOUGHNUTS INC.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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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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Krispy Kreme Doughnuts Inc., which has been transformed from Wall Street&#39;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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Hamburger chain Wendy's  International Inc. WEN.N on Wednesday reported a quarterly  loss, reversing a year-ago profit, after a large impairment  charge for its struggling Baja Fresh chain.