Krispy Kreme in Denial
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Failing to admit its problems in a timely manner is making the company's situation worse.
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Carb-conscious Americans continued to flatten Krispy Kreme Doughnuts, as the onetime Wall Street darling yesterday posted a loss of $3 million in the third quarter.
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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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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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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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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. KKD.N 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  more than 16 percent.
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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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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.
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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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Shares in Krispy Kreme Doughnuts drop by almost 20% after the firm announces a quarterly loss of $3m.
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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. Monday reported a quarterly net loss due to weaker-than-expected sales and charges for store closings, sending its stock down 18 percent to an all-time low.
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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, and said it may have to  further restate results for 2004 and 2005.
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Krispy Kreme Doughnuts Inc.  said it  expects to post a net loss in third quarter of fiscal 2007, as  substantial costs associated with legal and regulatory matters  continue to hurt its results.
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Krispy Kreme Doughnuts Inc. KKD.N   said on Tuesday that it would once again miss a deadline to   file a report with the U.S. Securities and Exchange Commission   as it grapples with a restatement of past results.
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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.