Monday, November 25, 2002
WHO SAYS THE MARKET DOESN'T PICK WINNERS? Krispy Kreme profits exceed expectations!
Krispy Kreme Doughnuts said today that its earnings increased 56.3 percent in its third quarter, narrowly beating Wall Street estimates as revenue rose 29.4 percent.I'll take a dozen!
The company earned $10.1 million, or 17 cents a diluted share, for the three months ended Nov. 3, compared with $6.5 million, or 11 cents a diluted share, in the period a year earlier. Revenue rose to $129.1 million from $99.8 million.