Krispy Kreme Doughnuts | Q3 Earnings, Net Income and Financial Results

Earnings Announcements in Brief
Krispy Kreme Doughnuts Inc.
Krispy Kreme Doughnuts 3rd Quarter Earnings, Net Income and Financial Results

Report Date:	December 2, 2013
Ticker Symbol:	KKD – NYSE
Company Name:	Krispy Kreme Doughnuts Inc.
Reporting period:	Q3-2013
REPORTING HIGHLIGHTS
Compared to Q3-2012: Revenue rose by 6.7%, from $107.1M to $114.2M Same store sales saw an increase by 7.3% Operating Income recorded a 27.2% increase, from $9.2M to $11.7M Adjusted Net Income increased by 33.8%, from $8.3M (or $0.12/Share) to $11.2M (or $0.16/Share) Net Income rose 36% from $5.0M (or $0.07/Share) to $6.8M (or $0.09/Share)

Other Highlights

Noteworthy was the fact that Same Store Sales saw an increase for the 20th consecutive quarter.

Krispy Kreme Doughnuts also provided EPS guidance for fiscal 2014 from $0.59 to $0.63 to a new range of $0.60 to $0.63/Share.  If achieved, this would represent a growth rate of 34% compared to the 28% represented by the previous range.

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On a preliminary expectation basis, Krispy Kreme Doughnuts expects EPS for fiscal 2015 to come in the range of $0.71 to $0.76/Share.