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Krispy Kreme Doughnuts Fiscal 1Q Profit Declines

Stock quotes in this article: KKD  

WINSTON-SALEM, N.C. (AP) — Krispy Kreme Doughnuts Inc. said Thursday its fiscal first-quarter earnings dropped 54 percent on a 10 percent decline in sales and hefty costs to terminate leases.

The doughnut retailer's profit declined to $1.9 million, or 3 cents per share, from $4 million, or 6 cents per share, a year earlier.

Revenue slipped to $93.4 million from $103.6 million last year. ...

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