Krispy Kreme in Court Fight Over Secret Recipe

Famed doughnut company Krispy Kreme is suing the operators of its last remaining New York City store over a claim that they cooked up their own recipe when they ran out of "key proprietary Krispy Kreme ingredients," the New York Post reported Friday.

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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

Krispy Kreme Franchisee Opens First Store in Shanghai, China

WINSTON-SALEM, N.C., Dec. 15 /PRNewswire-FirstCall/ -- Krispy Kreme Doughnut Corporation today announced that its long-time franchise partner, KKD Lotte Holdings Company, Ltd., has opened the first Krispy Kreme doughnut shop in Shanghai, China. Shanghai is the largest city in China, and the new shop is located at the In-Point Shopping Mall on the vibrant Wu-Jiang pedestrian walkway. KKD Lotte also is Krispy Kreme's franchisee in the Republic of Korea and Japan.

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Is Wendy's/Arby's thinking donuts?

Wendy's/Arby's Group Inc. has been looking for a third brand to bring into the fold, and it may have found it in Krispy Kreme Doughnuts Inc. Business news service Briefing.com said Monday that the the donut brand was "the subject of chatter about a potential takeover by Wendy's/Arby's Group," as reported by Barron's.

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Krispy Kreme Expanding in Caribbean

[2009-10-21] Krispy Kreme Doughnut Corporation announced that it entered into a franchise development agreement with Dominspec, S.A. for the development of 14 Krispy Kreme shops over the next five years in the Dominican Republic. Dominspec, S.A. is a quick-service restaurant conglomerate that operates Burger King and Papa John's restaurants in the Dominican Republic.

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Krispy Kreme Reports Operating Income of $2.9 Million for the Second Quarter of Fiscal 2010 -- Net Income Nears Breakeven

Second Quarter Highlights:
-- Operating income for the second quarter was $2.9 million compared to an
operating loss of $1.0 million in the second quarter last year
-- The Company posted a net loss of $157,000 in the second quarter (nil per
share) compared to a net loss of $1.9 million ($0.03 per share) in the
second quarter last year
-- Same store sales at Company-owned stores rose 5.9% year-over-year in the
second quarter, compared to a gain of 2.1% in the first quarter this
year and a decline of 4.1% in the second quarter last year

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Great Circle Emerges from Chapter 11; Krispy Kreme Doughnuts is Alive, Well and Expanding Again in Southern California

LOS ANGELES, July 20 /PRNewswire/ -- Great Circle Family Foods, LLC (the "Company" or "Great Circle"), the franchisee of Krispy Kreme Doughnut Corporation in Southern California, announced today that the United States Bankruptcy Court for the Central District of California has confirmed its Second Amended Chapter 11 Plan of Reorganization (the "Plan").

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Krispy Kreme Reports Operating Profit for the Fourth Quarter and Fiscal Year Ended February 1, 2009