Krispy Kreme’s revenue declines 9.3%
From the Associated Press
Krispy Kreme Doughnuts Inc. said in a regulatory filing that its sales were down 9.3% in its fiscal third quarter from a year earlier partly because of the closing of some of its signature stores where doughnuts are made on site.
Though a formal earnings report has been delayed, the company told the Securities and Exchange Commission that it expected to report revenue of about $117 million for the quarter ended Oct. 29, down from $129 million a year earlier.
The company also said that it expected to report a net loss for the quarter and that its results continued to be hurt by costs rising from assorted legal and regulatory concerns.
