Krispy Kreme Doughnuts (KKD) Misses Q3 EPS by 1c, Reaffirms FY15 Guidance

Krispy Kreme Doughnuts (NYSE: KKD) reported Q3 EPS of $0.18, $0.01 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $122.9 million versus the consensus estimate of $124.4 million. Comps increased 3.3%.

Outlook

Based on year-to-date results and other current information, management is reaffirming its forecast of adjusted net income for fiscal 2015 of between $48 million and $51 million ($0.69 to $0.74 per share). Achievement of this forecast would represent a year-over-year increase in adjusted earnings per share of between 13% and 21% from the $0.61 reported for fiscal 2014 which was, in turn, up 30% from fiscal 2013.

For earnings history and earnings-related data on Krispy Kreme Doughnuts (KKD) click here.

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