Krispy Kreme Soars in Fiscal Third-Quarter

Comments: Comments Are Disabled  | Leave A Comment

Mark Kalinowski of Janney Capital Markets said in a client note that the quarterly performance benefited from robust same-store sales growth. The analyst believes at least some of the same-store sales performance was helped by more effective marketing, favorable media attention and appealing limited-time seasonal products.

Kalinowski maintained a "Neutral" rating.

For fiscal 2013, the Winston-Salem, N.C., company anticipates adjusted earnings between 44 cents and 47 cents per share. It predicts adjusted earnings in a range of 49 cents to 55 cents per share for fiscal 2014.

Analysts expect earnings of 43 cents per share for 2013 and earnings of 51 cents per share for 2014.

Krispy Kreme shares rose $1.62, or 21.5 percent, to $9.16 in afternoon trading. The stock reached $9.24 earlier in the session, the highest point since August 2011.

« Previous page 1 2

Tags: » »


Get every new post delivered to your Inbox.

Join 3,667 other followers