Krispy Kreme Profits Down

Krispy Kreme Doughnuts says its
fourth-quarter profit decreased more than 35 percent, but that was
an improvement over last year.
The doughnut maker continues to recover after a heavy string of
financial losses.
For the quarter ending January 28, the Winston-Salem-based
company said its net loss was 24.4 million dollars.
That amounts to 39 cents per share.
For the same period last year, however, the company's profit was
61 cents a share.
During its high-flying days, Krispy Kreme shares sold for more
than 50 dollars a share. They closed most recently at eleven
dollars-29 cents.


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