Bye bye Krispy Kream?

MRock · 02-09-2009

Saw this and thought of you Gonzo:

Krispy Kreme. (KKD; about 4,000 employees; stock down 50%). The donuts might be good, but Krispy Kreme overestimated Americans' appetite - and that's saying something. This chain overexpanded during the donut heyday of the 1990s - taking on a lot of debt - and now requires high volumes to meet expenses and interest payments. The company has cut costs and closed underperforming stores, but still hasn't earned an operating profit in three years. And now that consumers are cutting back on everything, such improvements may fail to offset top-line declines, leading Krispy Kreme to seek some kind of relief from lenders over the next year.

Full article: http://finance.yahoo.com/news/15-Com...-14279875.html

02-09-2009	#1
MRock Tossing Chairs and Blacking Out. Join Date: Sep 2007 Location: Tampa, FLA Posts: 340	Bye bye Krispy Kream? Saw this and thought of you Gonzo: Krispy Kreme. (KKD; about 4,000 employees; stock down 50%). The donuts might be good, but Krispy Kreme overestimated Americans' appetite - and that's saying something. This chain overexpanded during the donut heyday of the 1990s - taking on a lot of debt - and now requires high volumes to meet expenses and interest payments. The company has cut costs and closed underperforming stores, but still hasn't earned an operating profit in three years. And now that consumers are cutting back on everything, such improvements may fail to offset top-line declines, leading Krispy Kreme to seek some kind of relief from lenders over the next year. Full article: http://finance.yahoo.com/news/15-Com...-14279875.html __________________ DD Blonde Amateur Horny DD Milf - Strapongurl - Busty Smoker - Pimping My Music