Doughnut Maker In The Hole Again

Executives with Krispy Kreme Doughnuts say they're not happy with the company's quarterly results.

Krispy Kreme said yesterday it lost 27 million dollars, or 42 cents per share in the second quarter. That compares with a loss of less than 5 million dollars, or seven cents per share for the same time last year.

Revenue fell from about 113 million dollars to 104 million dollars.

Chief Executive Daryl Brewster says today improving the financial performance is a priority.

The Winston-Salem company says it was hurt by lower sales, impairment charges and the cost of terminating some leases.

Krispy Kreme has been hurt by allegations of misconduct by former management, healthier eating trends, bankruptcy filings by several of its franchisees and competition from Dunkin' Donuts.