Live Blog: Krispy Kreme Doughnuts Reports by Microsoft Works 7

Filed under: Ensuing the manifestation, Melon score, Bad news, WWW, Krispy Kreme Doughnuts (KKD)

Grab a big mug of your favorite hot beverage and a stack of napkins - it's time for Krispy Kreme Doughnuts (NYSE: KKD) to report its earnings for the fourth quarter. I'll try to keep this short and snappy, lest your eyes glaze over (groan...). Be sure to "refresh" your browser frequently so you don't miss any updates.

According to the company's official press release, revenue during the reporting period dropped 8.2% to $112.2 million, compared to $122.2 million in the year-ago period. Company-store sales dropped 11.2% to $79.2 million, while franchise operations saw revenue grow 34.0% to $5.8 million.

The company posted a net loss of $24.4 million for the fourth quarter, totaling 39 cents per share, narrower than the year-ago net loss of $37.7 million, or 61 cents per share. The latest figures include a $16.0 million charge related to the settlement of various litigation. The latest results also include impairment charges and lease termination costs totaling $5.96 million, down from various year-ago charges that added up to $25.3 million.

Analysts were expecting per-share earnings (excluding items) of a penny per share.

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