Krispy Kreme Narrows 2Q Loss

Doughnut giant Krispy Kreme had reported a narrower loss than expected in its second quarter, which ended August 2, managing to remain relatively strong at a time when the company says it has trouble selling doughnuts. Krispy Kreme’s results come after the company but a variety of efforts into place to remain profitable strong throughout the year.
 
For its second fiscal quarter, Krispy Kreme reported a $157,000 and managed to break even on a per-share basis, compared to the earlier possibility of a $1.9 million, or 3 cents per share, net loss. While revenue has fallen 12 percent from $94.2 million …read more