Krispy Kreme posts
FeedPosted Aug 29th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Economic Data
Investors nervous about the possibly stalled economic recovery -- or worse, the beginning of the latter phase of a double-dip recession -- were not pleased with last week's housing numbers. Things were perhaps ameliorated somewhat by durable goods order numbers and a revised GDP that weren't as bad as expected, but that didn't stop the Dow from dipping below 10,000 later in the week, before fighting its way back above the benchmark to end the week, thanks largely to Fed chair Bernanke's comments on Friday.
Though the end of August is usually quiet, this week lots more economic data are due out, including more housing numbers: The Case-Shiller Home Price Index for June on Tuesday, construction spending numbers for July on Wednesday, and NAR's pending home sales for July on Thursday. There's not expected to be much to get excited about in these numbers.
Continue reading The Week in Preview: Employment, Housing, Manufacturing, Earnings Expectations
Posted Dec 12th 2009 11:20AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, 3M Corporation (MMM), Krispy Kreme Doughnuts (KKD), AutoZone Inc (AZO), H and R Block (HRB), Ciena Corp (CIEN), Kroger Co (KR), Costco Wholesale (COST), FedEx Corp (FDX), Smithfield Foods (SFD), Texas Instruments (TXN), MetLife Inc. (MET)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Advance Auto Parts Inc. (AAP) was downgraded due to concerns about its 2010 earnings outlook.
- Analogic Corp. (ALOG) received an analyst's downgrade after it reported weaker-than-expected earnings.
- AutoZone Inc. (AZO) strong Q1 results beat earnings expectations, but shares rose only a little.
- BWAY Holding Co. (BWY) received an analyst's upgrade following release of its Q4 results.
- Casey's General Stores Inc. (CASY) topped Q2 earnings estimates but lower revenue fell short.
- Ciena Corp. (CIEN) shares plummeted after it fell short of its earnings expectations for Q4.
Continue reading Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ...
Posted Dec 6th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Kroger Co (KR), Costco Wholesale (COST)
The earnings season, like the calendar year, is winding down. The sprinkling of quarterly results scheduled for this coming week include S&P 500 components AutoZone (AZO), Ciena (CIEN), H&R Block (HRB) and National Semiconductor (NSM), as well as Dollar General (DG), Imperial Sugar (IPSU), Krispy Kreme Doughnuts (KKD), Men's Wearhouse (MW), Talbots (TLB) and others.
Analysts surveyed by Thomson Reuters expect to see strong year-over-year and sequential EPS growth from luxury watchmaker Movado Group Inc. (MOV). During its third quarter of fiscal 2010, this Paramus, N.J.-based company was recognized for its innovative use of technology and it reported a big profit decline for the second quarter.
Continue reading The week in preview: Profit expectations for Costco, Kroger, Movado and others
Posted Jun 6th 2009 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Google (GOOG), Krispy Kreme Doughnuts (KKD), Aetna Inc (AET), Ciena Corp (CIEN), Valero Energy (VLO), KKR Financial (KFN), Lions Gate Entertainment (LGF)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Google, KKR, Krispy Kreme, Williams-Sonoma, Guess? and more
Posted Dec 13th 2008 2:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Nokia Corp. (NOK), Krispy Kreme Doughnuts (KKD), H and R Block (HRB), Kroger Co (KR), Costco Wholesale (COST), FedEx Corp (FDX), Procter and Gamble (PG), Eastman Kodak (EK), Electronic Arts (ERTS), Dow Chemical (DOW), Texas Instruments (TXN), CKE Restaurants (CKR)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Costco, Kroger, Krispy Kreme, Lululemon, FedEx, P&G and others
Posted Oct 20th 2008 5:54PM by Sarah Gilbert (RSS feed)
Filed under: Starbucks (SBUX), Krispy Kreme Doughnuts (KKD)

Brother, can you spare a nickel?
In a sign of the oh-so-like- the-Great-Depression times,
Krispy Kreme Doughnuts (NYSE:
KKD) franchises in Seattle, Washington and Portland, Oregon, along with other related franchisees in the Pacific Northwest and Hawaii, are
selling coffee for five cents. The one-per-customer-per-visit bargain is being named the Krispy Kreme New Deal.
I love the concept. Dunkin Donuts has been
offering lattes and breakfast sandwiches for 99 cents in the afternoons to boost traffic in the slow time; and
Starbucks (NASDAQ:
SBUX) is about to roll out a "gold card" good for 10% discounts on all products. The card, which carries a $25 annual membership fee, is not a credit card but is a parallel program with the regular Starbucks gift card, which allow you to receive bonuses (a free flavoring or other upgrade for your latte beverage, for instance).
Unfortunately, the two simultaneous and mutually exclusive card programs are confusing and a scant benefit. Customers used to buy 10, get one free punch cards at independent coffee houses will see quickly that
paying for a 10% discount is hardly a great deal.
Continue reading The Coffee Stock: Five-cent coffees at Krispy Kreme franchises a sign of old-fashioned smarts
Posted Sep 14th 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, FedEx Corp (FDX), Goldman Sachs Group (GS), Morgan Stanley (MS), Economic Data
Last week's preview raised the question of whether consumers were turning to comfort foods in these uncertain times, specifically in terms of second quarter earnings of Campbell Soup (NYSE: CPB) and Krispy Kreme (NYSE: KKD). Campbell's strong earnings growth topped expectations, while Krispy Kreme narrowed its loss, though it fell short of estimates.
This coming week should bring reports from more food-related companies, from cereal maker General Mills and food packager CongAgra to grocery chain Kroger, to the parent companies of restaurants Cracker Barrel, Olive Garden, Red Lobster, Carl's Jr., and Hardees. Also look for reports from tech-related companies such as Oracle, Adobe, and Palm, as well as from financials Morgan Stanley and Goldman Sachs, and from economic bellwether FedEx.
Here's what analysts surveyed by Thomson Financial are expecting from some of the companies reporting earnings this week, as compared to their results from the same period of last year:
Continue reading The week in preview: Eyes on Morgan Stanley, Goldman Sachs, FedEx
Posted Sep 7th 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Economic Data
In last week's preview we took a peek at expectations for Campbell Soup earnings, but now the company is scheduled to report fiscal fourth quarter results this coming Thursday. With Krispy Kreme also among the handful of companies scheduled to report this week, we may yet see whether consumers are turning to comfort foods in these uncertain times.
Campbell Soup Co. (NYSE: CPB), the world's biggest soup maker, is still expected by analysts surveyed by Thomson Financial to post net income of 25 cents per share (up 44.0% from a year ago) on revenue of $1.7 billion (up 7.4%). The Camden, N.J.-based company has just missed earnings estimates in the past few quarters. Its long-term EPS growth forecast is 7.9%, which is less than the industry average, but about the same as rivals Kraft Foods (NYSE: KFT) and HJ Heinz (NYSE: HNZ). The analysts' consensus recommendation is currently to buy Campbell.
Hip, Canadian apparel retailer Lululemon Athletica Inc. (NASDAQ: LULU) is also anticipated to be a big earnings gainer when it reports this week. Net income is expected to come in at 13 cents per share (up 46.2% from a year ago) on revenue of $88.2 million (up 50.3%). Lululemon met expectations when it reported 12 cents per share in the previous quarter. Its long-term EPS growth forecast is a healthy 40.2%, which is better than the industry average and that of rival Under Armour Inc. (NYSE: UA). The analysts' consensus recommendation is currently to buy Lululemon.
Continue reading The week in preview: Chicken soup (or a doughnut) for the recession-weary soul?
Posted Jul 1st 2008 11:01AM by Tom Barlow (RSS feed)
Filed under: Deals, Private Equity, Krispy Kreme Doughnuts (KKD)
A private equity group unfamiliar to the stock market world claims to have made a bid to acquire struggling donut maker Krispy Kreme (NYSE:KKD). According to The Winston-Salem Journal, MGL Asset Management Group has offered $7.25 a share for the company, a premium of almost $2 a share over its closing price Monday.
The mystery surrounding MGL, its assets, ownership and ambitions have caused some to meet the proposal with skepticism. The company provides almost no information on its web site, and its spokesperson told the Journal that the bid was legit, but declined to elaborate.
The skepticism about this offer seems to stem from the wisdom and timing of such an acquisition. Although KKD just reported its first profitable quarter in over three years, overall, since selling in the $50 range before the carb craze, it has waffled ever since below the $10 mark, bottoming out at $2.50 a share just last November.
At a shareholder meeting recently, the CEO of Krispy Kreme reiterated the company's plans to build international business and increase the range of snack foods sold in convenience stores. Neither option, in my opinion, is likely to have a strong impact on the company's bottom line in the near future, if at all. One profitable quarter after three and a half years of losses in a company with a tired brand doesn't whet my appetite.
I wonder what drives MGL's interest? Perhaps they're looking at the hole picture, with a glazed look in their eyes.
Posted Jul 1st 2008 10:24AM by Jon Ogg (RSS feed)
Filed under: Rumors, Engagements, Private equity industry, Investments, Public or private?
Krispy Kreme Doughnuts, Inc. (NYSE:
KKD) gave some very
unusual volume trading alerts this morning, and the culprit here is nothing less than buyout offer chatter. Yep, it seems that the rumor mill has the fried dough maker as one of the next buyout candidates.
It took only about 35 minutes for us to see double the normal average daily trading volume. The culprit is a private equity buyout of $7.25 per share, yet no one understands if the "offer" is real. MGL Asset Management Group LLC out of Charlotte
has been named as the suitor. Whether or not that is the case is something different entirely.
If you know the history of this company you probably understand that it is synonymous with "disappointment." The buyout chatter price is $7.25, yet the 52-week trading range is $2.23 to $9.48. You can determine on your own whether or not an offer is a good as a take. Chatter on top of that is yet another issue.
Despite this having been covered on CNBC and despite the written reports above, it would take a lot more faith than sense to believe this until actual facts are released from either the private equity firm or Krispy Kreme itself.
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