Last week Krispy Kreme Doughnuts (NYSE:KKD) reported earnings per share of $.06 for the first quarter of 
fiscal 2011. The Company ended the quarter with a total of 616 Krispy Kreme stores, an increase of 34 locations since January 31, 2010.
Though the company’s revenue for 2009 was lower than the year before, its sales have increased. Last year KKD’s cash flow from operating activities rose up, while its general and administrative expenses dropped.
After the company announced its double earnings, shares in Krispy Kreme were up 6.2 percent. On Friday the market closed at 3.94, and the traded volume exceeded 1 million shares. Today KKD stock reached 4.02 at market cap of 267.74M.
Krispy Kreme is satisfied with the improvement in its first quarter performance and expects a 2011 operating income from $11 million to $15 million.
The company is working to provide better support for its franchise partners and shareholders and publishes all the news on its projects on the Krispy Kreme’s official website.
