UPDATE: Krispy Kreme Doughnuts (KKD) Misses Q2 EPS by 1c: Comps Rose 10%

(Updated - August 29, 2013 4:20 PM EDT)

Krispy Kreme Doughnuts (NYSE: KKD) reported Q2 EPS of $0.14, $0.01 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $112.7 million versus the consensus estimate of $111.36 million.

Comps rose 10.0 percent, the nineteenth consecutive quarterly increase, driven principally by higher traffic.

The Company Stores segment posted operating income of $1.8 million compared to $338,000 in the second quarter last year.

Company revs rose 9.2 percent to $75.7 million. Domestic Franchise revs improved 15.2 [ercemt tp $2.8 ,o;;opm/

Our dramatic same store sales gain was driven primarily through higher traffic counts as customers found more reasons to treat themselves to our unique products, while improvements in our Company Stores and Supply Chain segments drove an increase in consolidated operating margin, commented CEO James H. Morgan. Fiscal 2014 is proving to be an exciting year for our business, and we continue to forecast year-over-year growth in adjusted earnings per share approaching or exceeding 30%. Attaining the high end of our forecasted earnings guidance appears increasingly achievable.

Krispy Kreme reaffirmed FY13 guidance.

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

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