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Krispy Kreme Widens 1Q Losses

Monday, June 04, 2007 5:45:37 PM

 Krispy Kreme doughnuts are shown in Raleigh, N.C., in this April 12, 2007 file photo.  Krispy Kreme Doughnuts Inc. said Monday, June 4, 2007 its first-quarter loss for fiscal year 2008 widened as the doughnut maker continued its recovery from a bad stumble several years ago. (AP Photo/Chuck Burton, file)WINSTON-SALEM, N.C. (AP) - Krispy Kreme Doughnuts Inc. said Monday its fiscal first-quarter loss widened as the doughnut maker continued its recovery from a bad stumble several years ago.

In the quarter ended April 29, the doughnut maker said its net loss was $7.4 million, or 12 cents per share, compared with a net loss of $6 million, or 10 cents per share, in the year-earlier quarter.

Revenue fell to $110.9 million from $119.4 million a year earlier.


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