Auditor balks at Krispy Kreme financials
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One of the largest auditors in the world has told Krispy Kreme Doughnuts of North Carolina it will not continue a review of the company&#39;s books.
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LOS ANGELES (CBS.MW) -- Krispy Kreme said Monday a former chief accountant for the Securities and Exchange Commission will be one of two new board members who will investigate accounting practices being reviewed by regulators.
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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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Shares of Krispy Kreme Doughnuts Inc. fell sharply Monday after it reported a 79 percent plunge in third-quarter earnings. The company also withdrew its sales forecast and said it would
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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., whose  share price has collapsed as it faces a federal accounting  investigation and shareholder lawsuits, on Tuesday replaced its  chairman and chief executive with a restructuring expert who  currently runs Enron Corp.
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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.
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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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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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WINSTON-SALEM, NC - The Securities and Exchange Commission has escalated its investigation of Krispy Kreme Doughnuts Inc. to a formal inquiry, the company announced Friday.
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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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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. (KKD.N: Quote, Profile, Research) on Thursday posted sharply lower quarterly earnings, signaled that the second half of the year would be weak and scaled back
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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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Krispy Kreme Doughnuts Inc.   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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Krispy Kreme Doughnuts Inc.  KKD.N said on Monday it appointed two new directors to lead  an internal investigation of accounting practices and other  matters now the subject of a probe by securities regulators.
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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.