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Krispy Kreme belatedly posts losses

January 20, 2007|From the Associated Press

Krispy Kreme Doughnuts Inc. filed its overdue financial statements Friday for the second and third quarters of its fiscal year, which ends this month.

For the second quarter that ended July 30, the Winston-Salem, N.C., company reported a loss of $4.6 million, or 7 cents a share, compared with a loss of $14.9 million, or 24 cents, a year earlier. Revenue was $112.5 million, down from $139.8 million.

For the third quarter that ended Oct. 29, Krispy Kreme lost $7.2 million, or 12 cents a share, compared with a year-earlier loss of $29.7 million, or 48 cents. Revenue was $117.1 million, down from $128.8 million.

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