Krispy Kreme

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What Krispy Klreme said
 
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In September last year – DOUGHNUT retailer Krispy Kreme yesterday reported that its quarterly earnings rose 22 per cent as it posted stronger revenue, driven by sales at locations open more than 18 months. 
 
 
 
 
For the period ending 3 August, Krispy Kreme reported a profit of $5.8m (£3.6m), up from $4.7m a year earlier. 
 
 
Chief executive Tony Thhompson
 
 
 
Krispy Kreme Doughnuts 
KKD 0.87%
 is scheduled to report its first quarter (fiscal 2016) financial results on Wednesday after the market closes. According to Estimize, it is expected to deliver an 8.6 percent year-over-year decline in earnings.
 
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/15/06/5580636/krispy-kreme-earnings-preview-will-the-company-disappoin#ixzz3cfyWKFQh
 
 
Krispy Kreme’s earnings are quite cyclical, in the sense that they tend to peak in the first quarter each year, fall in the second, recuperate in the third, fall in the fourth, and, again surge in the following first quarter.
 
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/15/06/5580636/krispy-kreme-earnings-preview-will-the-company-disappoin#ixzz3cfybcmE9
 
 
 
NEW YORK (TheStreet) — Glazed doughnut maker Krispy Kreme (KKD – Get Report) will report fiscal first-quarter 2016 results Wednesday after the closing bell. You should stay away because itis not looking like such a sweet investment these days.
 
Its shares, currently trading at $17.33, are down over 12% for the year to date compared with close to 1% gains for the S&P 500 (SPX). Expand the horizon to six months, and KKD stock has lost 14% of its value. In other words, the Winston-Salem, NC.-based restaurant chain, whose fiscal-year 2015 earnings declined more than 8%, has a lot to do to make its shareholders whole. 
 
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In its past seven reporting periods, KKD has missed analysts' average earnings estimates four times and matched estimates twice. One would have to go all the way back to December 2013 (fiscal third quarter) to find the last time KKD posted an earnings beat. Revenue during that span has fallen shy of estimates five times.
 
What is clear is competition from larger rivals Starbucks (SBUX – Get Report) and Dunkin Brands (DNKN – Get Report) continues to pressure Krispy Kreme's business. To better compete, Krispy Kreme has taken on an aggressive expansion strategy, including adding 53 new stores last quarter, which brought its total U.S. store count to 709.