March 20, 2012 / 9:02 PM / 5 years ago

UPDATE 1-Krispy Kreme sees strong full-yr profit, eyes cost cuts

* Q4 adj EPS $0.06 vs est $0.06

* Q4 revenue up 11 pct to $102 mln

* Sees FY13 adj EPS $0.35-$0.41 vs est $0.35

* Shares up 4 pct after mkt

March 20 (Reuters) - Krispy Kreme Doughnuts Inc forecast full-year profit largely above analysts' expectations, saying it will continue to cut back on its consumption of some key ingredients to combat rising input costs.

The doughnut chain's shares rose 4 percent in after-market trading. They had closed at $8.49 on Tuesday on the New York Stock Exchange.

Krispy Kreme, which competes with Dunkin' Brands' Dunkin' Donuts chain, expects full-year adjusted earnings of 35 cents to 41 cents a share, while analysts were expecting 35 cents a share, according to Thomson Reuters I/B/E/S.

Fourth-quarter net income was $143.5 million, or $2.01 a share, compared with a net loss of $1.5 million, or 2 cents a share, a year ago.

Excluding a one-off gain, the company earned 6 cents a share in the quarter, matching analysts' estimates. Revenue rose 11 percent to $102.0 million, topping market expectations of $101.3 million.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below