Krispy Kreme Doughnuts Q1 Adj. Profit Meets Estimate - Quick Facts

(RTTNews) - Krispy Kreme Doughnuts, Inc. (KKD) Monday reported first-quarter net income of $9.7 million or $0.14 per share, compared to $8.0 million or $0.11 per share in the comparable quarter last year.

Adjusted earnings for the latest first quarter were $15.8 million or $0.23 per share, up from $14.1 million or $0.20 per share in the prior year quarter. On average, five analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 0.8 percent to $121.58 million from $120.63 million last year, while four analysts expected revenues of $126.68 million.

Looking ahead to the fiscal 2015, the company now projects adjusted earnings in a range of $0.69 to $0.74 per share, down from its previous guidance range of $0.73 to $0.79 per share. Analysts currently expect earnings of $0.78 per share for 2015.