Krispy Kreme Reports Net Income for the Fourth Quarter and Breakeven Results for the Fiscal Year Ended January 31, 2010

Fourth Quarter Fiscal 2010 Highlights Compared to the Year-Ago Period:


Revenues decreased 5.6% to $86.8 million from $91.9 million; approximately $1 million of the decrease was due to refranchising

Company same store sales rose 1.1%, the 5th consecutive quarterly increase

Operating income increased 65% to $2.4 million from $1.5 million (the results reflect impairment charges and lease termination costs in both periods of $2.0 million and $1.2 million, respectively)

Net income was $0.5 million compared to a net loss of $0.3 million