Krispy Kreme Doughnuts (KKD) Reports In-Line Q3 EPS; Updates FY16 Outlook
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Krispy Kreme Reports Financial Results for the Third Quarter of Fiscal 2016
December 8, 2015 4:16 PM ESTWINSTON-SALEM, N.C.--(BUSINESS WIRE)-- Krispy Kreme Doughnuts, Inc. (NYSE: KKD) (the Company) today reported financial results for the third quarter of fiscal 2016, ended November 1, 2015.
Third Quarter Fiscal 2016 Highlights Compared to the Year-Ago Period:
Revenues increased 4.6% to $128.5 million from $122.9 million. Systemwide domestic same store sales rose 3.4%, including a 2.8% gain at Company Stores; constant currency international franchise same store sales declined 3.7%. Operating income rose 3.8% to $13.4 million from $12.9 million. Net income was $7.6 million ($0.11 per share) compared to $8.1 million... More