Krispy Kreme Doughnuts Q3 Profit Down

(RTTNews) - Krispy Kreme Doughnuts, Inc. (KKD) Tuesday reported third-quarter net income of $7.6 million or $0.11 per share, down from $8.1 million or $0.12 per share last year.

Adjusted earnings for the quarter improved to $0.19 per share from $0.18 per share last year.

Revenues for the quarter grew 4.6 percent to $128.5 million from $122.9 million.

System-wide domestic same store sales rose 3.4 percent.

Analysts polled by Thomson Reuters estimated earnings of $0.19 per share on revenues of $133.46 million for the quarter. Analysts' estimates typically exclude one-time items.

Looking forward to the full year 2016, the company now expects adjusted earnings of $0.78 to $0.80 per share. Earlier, the company expected earnings of of $0.76 to $0.80 per share. Analysts currently estimate earnings of $0.78 per share of the year.