US doughnut maker and retailer Krispy Kreme has reported a 45.3% rise in fourth-quarter net income, boosted by higher revenues.

The company reported net income of US$16.4m, or 26 cents per share, for the fourth quarter to 1 February, compared to $11.3m, or 19 cents per share, in the year-ago period.

Total revenues for the quarter, which includes sales from company stores, franchise operations, Krispy Kreme Manufacturing and Distribution and Montana Mills, increased 35.7% to $185.5m, compared with $136.7m in the year-ago quarter.

On a comparable store basis, company store sales advanced 10.7% and systemwide sales increased 9.1%. Systemwide sales including Krispy Kreme stores and Montana Mills rose 26.6%.

“During the quarter, we continued to execute on our core business model while investing in operating initiatives designed for future growth,” said CEO Scott Livengood.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fiscal 2004 net income climbed 45.0% to $56.8m, or 91 cents per share, compared with $39.1m, or 66 cents per share, in fiscal 2003. Total revenues for fiscal 2004 rose 35.4% to $665.6m.

The company reiterated its fiscal 2005 earnings guidance of $1.16 to $1.18 per share and said it expects systemwide comparable store sales growth in the mid-to-high single digits.