Krispy Kreme's fourth-quarter earnings were $14.7 million, almost three times what it made in the previous fourth quarter.
ANNIVERSARY PARTY (copy)
- Earnings highlights
Net income: $14.7 million compared with $4.8 million a year ago.
Diluted earnings: 21 cents compared with 7 cents a year ago. The company benefited from financial adjustments worth a combined 9 cents during the quarter.
Average earnings forecast: 13 cents by three analysts surveyed by Zacks Investment Research. Analysts don’t consider one-time gains and charges in their forecasts.
Share price: Rose 48 cents to close at $19.89. Krispy Kreme released the earnings report after the market closed Wednesday. It rose by $1.80 in aftermarket trading.
Source: Krispy Kreme Doughnuts Inc.
Posted: Wednesday, March 12, 2014 9:45 pm
Krispy Kreme Doughnuts Inc. finished its fiscal 2014 year on a solid note, including a more than threefold increase in fourth-quarter net income to $14.7 million, the company reported Wednesday.
The company benefited from lowering its income-tax provision by $5.6 million during the quarter.
Wednesday, March 12, 2014 9:45 pm.