Krispy Kreme
Krispy Kreme Posts Large Loss for 4th-Q
Krispy Kreme Doughnuts Inc. reported this month wider net losses for both its fourth quarter and full year, versus the same periods a year earlier, on increased charges for closed units and decreased sales. The company, which operates or franchises 449 Krispy Kreme restaurants, booked a net loss of $31.8 million, or 50 cents per share, for the 14-week quarter ended Feb. 3, compared with a net loss of $24.4 million, or 39 cents per share, reported for the 13-week, year-earlier quarter. Impairment and lease termination charges in the latest quarter totaled 43 cents per share, the company reported. The net loss for the year was $67.1 million, or $1.05 per share, compared with a net loss of $42.2 million, or 68 cents per share, a year earlier. (Nation’s Restaurant News, 4/17/08)