Krispy Kreme Doughnut Q4 Profit Meets Estimate; Backs FY16 Outlook

(RTTNews) - Krispy Kreme Doughnuts, Inc. (KKD) reported net income for the fourth quarter of $6.5 million or $0.10 per share, compared to $14.8 million or $0.21 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $11.4 million or $0.17 per share, compared to $8.3 million or $0.12 per share in the prior year quarter.

Revenues for the fourth quarter rose 11.2% to $125.4 million from $112.7 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.17 per share on revenue of $126.78 million for the fourth quarter. Analyst' estimates typically exclude special items.

The company reaffirmed its outlook for adjusted net income for fiscal 2016 of $55 million to $59 million, or $0.79 to $0.85 per share. Analysts currently expect the company to earn $0.84 per share for the fiscal year 2016.