Krispy Kreme Doughnuts Q2 Profit Shrinks, Reaffirms FY14 Outlook - Quick Facts

(RTTNews) - Krispy Kreme Doughnuts, Inc. (KKD) Thursday said second-quarter profit dropped to $4.7 million from $4.9 million in the same period last year. On a per-share basis, earnings were $0.07, flat with last year.

Adjusted earnings for the quarter was $9.6 million or $0.14 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 10.4 percent to $112.7 million from $102.1 million last year. Analysts expected revenues of $111.48 million.

Looking ahead to the fiscal 2014, the company has reaffirmed its adjusted earnings guidance range of $0.59 to $0.63 per share. Analysts currently expect full-year earnings of $0.64 per share.