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Krispy Kreme Reports Net Income for the Fourth Quarter and Breakeven Results for the Fiscal Year Ended January 31, 2010 - MarketWatch

WINSTON-SALEM, N.C., April 15, 2010 /PRNewswire via COMTEX/ -- Krispy Kreme Doughnuts, Inc. "During fiscal 2010, we made substantial progress in building a stronger foundation for our Company and improving our business model. We generated positive Company same store sales in all four quarters despite the difficult economy, while also delivering substantially higher operating income. In addition, we reduced our debt by over 40% during the year." The Company ended fiscal 2010 with a total of 582 Krispy Kreme stores systemwide, a net increase of 59 locations since February 1, 2009. As of January 31, 2010, there were 83 Company stores and 499 franchise locations. To read the complete article from Marketwatch, please click here.

Full post as published by The Trade Secrets Vault on April 16, 2010 (boomark / email).