Krispy Kreme Doughnuts, Inc. (KKD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Krispy Kreme Doughnuts, Inc. (KKD)

KKD 21.00

0.0%

Aug 4 4:00 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: redfish	6/14/2005 3:17:07 PM
	Read Replies (1) of 1001

Still holding Jan 07 puts: LOS ANGELES, June 14 (Reuters) - Shares of Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) slid almost 8 percent on Tuesday, a day after the struggling doughnut shop chain said it lost money in its most recent quarter as sales dropped 17 percent. The company also said it would delay filing a full report of its financial results for the first quarter ended May 1 due to a pending restatement of results from 2004 and 2005. "Business conditions remain very poor with no sign of improvement," J.P. Morgan analyst John Ivankoe said in a note to clients. "Continued financial viability of franchisees is a major issue." Krispy Kreme -- the one-time high-flyer that has been hard-hit by probes into the way it accounted for franchise buybacks as well as by sagging sales of its signature doughnuts -- has not filed any financial statements with the U.S. Securities and Exchange Commission since September. On Monday, Krispy Kreme said revenue for the quarter was about $153 million, a 17 percent drop from the year-earlier period. Average weekly sales at its doughnut shops fell about 21 percent. Krispy Kreme also said costs for legal and regulatory matters were hurting its bottom line, and it expects to report a net loss for the first quarter. The company's stock was down 68 cents at $7.88 in afternoon trade Tuesday on the New York Stock Exchange. Though the shares have climbed since hitting an all-time low of $5.05 in February, they are down 84 percent from their 2003 all-time high of $49.74. yahoo.reuters.com mtfh56834_2005-06-14_19-07-36_n14184944_newsml

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next