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Krispy Kreme Doughnuts Inc. (NYSE:KKD) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.68%.
Krispy Kreme Doughnuts Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 83.33% to $0.11 in the quarter versus EPS of $0.06 in the year-earlier quarter.
Revenue: Rose 15.83% to $118.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Krispy Kreme Doughnuts Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company missed the mean analyst estimate of $0.12. It beat the average revenue estimate of $115.93 million.
Quoting Management: James H. Morgan, Chairman and Chief Executive Officer, commented: “In the fourth quarter, Krispy Kreme not only achieved earnings at the top end of our November guidance, but also posted its best fourth quarter results since fiscal 2004. The year as a whole also was our best since fiscal 2004, and demonstrated again the strength of our business model and affirmed our confidence in achieving our goal of sustainable and profitable growth for years to come. Going forward, the Krispy Kreme investment thesis will no longer be predicated solely on the progress we have made in building a strong foundation for our business, but also on our ability to execute our long-term growth plans. Based upon the strength of these results and the momentum we have carried into the new year, we are pleased to increase our fiscal 2014 earnings guidance.”
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