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Krispy Kreme Doughnuts Inc lowers FY 2015 earnings guidance


Monday, 2 Jun 2014 04:05pm EDT 

Krispy Kreme Doughnuts Inc:Says based on first quarter results and other current information, management is revising its forecast of adjusted net income for FY 2015 to between $48 million and $51 million ($0.69 and $0.74 per share) from $51 to $55 million ($0.73 to $0.79 per share).Reflects, an increase in estimated costs related to implementation of new technology systems, higher compensation costs related to management succession, an unfavorable variance to expected results in the first quarter, partially offset by lower forecasted current income tax expense.FY 2015 net income of $49 million and EPS of $0.78 - Thomson Reuters I/B/E/S. 

Company Quote

19.66
-0.19 -0.96%
26 Dec 2014