NEW YORK ( TheStreet) -- Shares of donut-maker Krispy Kreme (KKD - Get Report) have staged a solid comeback since a less-than-stellar second-quarter earnings report in late August gave the shares a one-day 15% haircut. That drubbing came after an earnings miss of 2 cents per share disappointed a growing body of Krispy Kreme investors, but the stock has gained back all that ground and more, and currently trades at a nine-year high.The reasons for the growing excitement, and willingness to get past that less than stellar quarter, have to do with a few recent announcements that bolster the notion that Krispy Kreme is in growth mode. Two weeks ago, the company trumpeted its entry into the South American markets, with a deal to open 25 stores in Colombia over the next five years. Last week came the announcement of its first outpost into Singapore, with a 15-store franchise deal by 2017.
Sticking With Krispy Kreme
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts