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Krispy Kreme Significantly Narrows Its 4Q Loss

Stock quotes in this article: KKD  

WINSTON-SALEM, N.C. (AP) — Krispy Kreme Doughnuts Inc. said Thursday it substantially narrowed its fiscal fourth-quarter loss, free of most of the impairment and lease termination costs that burdened its prior-year results.

The doughnut retailer also touted its first annual operating profit since fiscal 2004.

The news sent the company's stock up 50 cents, or 22.1 percent, to $2.78 in afternoon trading. Over the past year, the shares have traded in a range of $1.01 to $5.65. ...

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