June 19, 2013

Krispy Kreme

Krispy Kreme announces that an arbitration panel entered an award against its franchisee in Northern California and the Company in the amount of $7,925,000.
CEO Scott Livengood says the merger with Mills, Inc. is a "natural outgrowth of the development of Krispy Kreme."
EPS Of $0.17 exceeds consensus by $0.01; Systemwide comp store sales up 10.1%.
Agreement signed to open 25 Krispy Kreme stores in England.
The Winston-Salem, NC based doughnut maker pays $23M in cash and stock for larger stake in midwestern franchisee.
The move should modestly raise Krispy Kreme earnings in the current fiscal year
EPS of $0.15 exceeds consensus by $0.01;. Systemwide comparable store sales up 12.8 percent
Construction is currently underway on the San Antonio area’s first Krispy Kreme, expected to open early this October. A second location is planned to open within the next year.
The Palm Beach unit's 'Hot Doughnuts Now' neon sign will stay lit for 24 hours in honor of the chain's anniversary and the store's opening.
Analysts upgrade the doughnut giant's stock 3 stars [hold] from 2 stars [avoid]
Krispy Kreme says it feels comfortable sticking with its guidance for the 2nd quarter and fiscal year 2003 and announced the purchase of the rights to the Toledo, Ohio, market.
Under a new development agreement, Krispy Kreme will open 30 Stores in Australia and New Zealand
As part of the unique partnerhsip, Krispy Kreme will retain minority ownership in the the store until the charity, Project Homestead, can buy the chain out.
CEO Scott Livengood says numbers exceeded Krispy Kreme's previous estimates for the quarter
Thanks to strong first quarter sales, Krispy Kreme now plans to open 62 new stores in fiscal year 2003. Development in five new markets is also slated to begin.
Stellar first week numbers for the Maple Grove, Minnesota, location mark the third time a new Krispy Kreme has set a first week sales record within the past six months
New VP served as Krispy Kreme's legal counsel for 20 years
Bonuses and raise a result of significant rise in 2001 profits
Move first major step to Krispy Kreme development in Latin America
Krispy Kreme announced the company's fourth-quarter sales results, confirmed guidance for fiscal years 2002 and 2003, and announced a restructuring of its mix facility financing.