Krispy Kreme to Restate '04 Results
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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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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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Shares in Krispy Kreme Doughnuts have plummeted by almost 20% after the firm announced a quarterly loss of $3m due to store closures and poor sales.
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NEW YORK - Krispy Kreme Doughnuts announced that the US Securities &amp; Exchange Commission notified it yesterday that it is investigating it, without specifying any further details.
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Krispy Kreme Doughnuts Inc. said Friday it has been informed by the Securities and Exchange Commission that the agency&#39;s investigation of the company has now become a formal probe.
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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. said the US Securities and Exchange Commission opened a formal investigation of the company&#39;s accounting practices.
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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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- 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, 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 Inc. KKD.N   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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This morning, Motley Fool Stock Advisor pick Krispy Kreme Doughnuts (NYSE: KKD) announced that second-quarter 2005 net income dropped by 56% from last year despite higher sales.
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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 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. said Friday it has been informed by the Securities and Exchange Commission that the agency&#39;s investigation of the company has become a formal probe.
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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.