There's still some skepticism out there about this company. That's not surprising given the past mistakes. The new Krispy Kreme is somewhat quietly proving that it is not only viable but that there's room for growth. The company added 20 stores during the third quarter and now has 731 stores, 635 of which are franchises.
Krispy Kreme raised its 2013 outlook to 44 cents a share to 47 cents a share on $34 million to $36 million operating earnings. For 2014, the company expects to open five to 10 company-owned stores, 10 to 15 domestic franchises, and 75 international franchises. The balance sheet is still strong. Krispy Kreme ended the quarter with $50 million in cash, and just $26 million in debt.
This comeback continues.At the time of publication the author is long KKD. Follow @JonMHellerCFA This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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