Krispy Kreme lowers earnings guidance - low-carb diet to blame

[AmericasTeam]

"Krispy Kreme Doughnuts Inc. lowered its forecast for earnings this fiscal year, saying it expects a 10 percent drop from earlier guidance because of increasing consumer interest in low-carbohydrate diets. Its shares tumbled 23 percent in early trading. "

"In early trading on the New York Stock Exchange, Krispy Kreme shares were down $7.25 at $24.55"

Ouch.

Link

 

[Ikonomi]

:Q

I take it upon myself as an American to save Krispy Kreme's stock. Are they open late?

 

[PsychoAndy]

bah. i saw this on CNBC.

if anything, their recent openings in boston should counteract that effect. i've never seen so many people go crazy for donuts than up there.

 

[Frodolives]

"News flash! Donuts no longer considered health food!"

 

[db]

A study was done for one year of two groups: a low carb diet group and of a high carb diet group.
At the end of the year, both groups had lost the same amount of weight.

 

[Rudee]

Originally posted by: PsychoAndy
bah. i saw this on CNBC.

if anything, their recent openings in boston should counteract that effect. i've never seen so many people go crazy for donuts than up there.

I think the same idiots who get excited over KK doughnuts, waiting in line for a ridiculously long time to buy them, are the same people who get up early in the morning so they can stand outside NBC Studio's in New York where they film the Today Show, jumping up and down with signs so they can get on TV. Generally overweight people in T-shirts with Fanny packs and ratty hair. You know the type.

 

[Schadenfroh]

mmm donuts

 

[Atomic Rooster]

Bah, Krispy Kreme. I'd just as soon eat Hostess Chocolate Donuts.

 

[OS]

Originally posted by: AmericasTeam
"Krispy Kreme Doughnuts Inc. lowered its forecast for earnings this fiscal year, saying it expects a 10 percent drop from earlier guidance because of increasing consumer interest in low-carbohydrate diets. Its shares tumbled 23 percent in early trading. "

"In early trading on the New York Stock Exchange, Krispy Kreme shares were down $7.25 at $24.55"

Ouch.

Link

holy sh*t dude, that stock had it's own little dotcom crash.

 

[glenn1]

"In early trading on the New York Stock Exchange, Krispy Kreme shares were down $7.25 at $24.55"

Ouch.

The stock has been trending down for a year, after going sideways for two. I don't feel bad for anyone still holding long on it and who got wiped out today, there's been plenty of storm clouds gathering on the horizon for this stock and you had plenty of time to take your profits at your leisure.

 

[MDE]

Originally posted by: BadDaddy
Bah, Krispy Kreme. I'd just as soon eat Hostess Chocolate Donuts.

Blasphemy!

 

[jpeyton]

haha fatties

 

[Sid59]

Krispy Kreme ROCKS! never let it die!

 

[BDawg]

Originally posted by: db
A study was done for one year of two groups: a low carb diet group and of a high carb diet group.
At the end of the year, both groups had lost the same amount of weight.

Psst...neither should be eating donuts.

 

[dmurray14]

Thank you, just what I needed. Now I have to go eat a Krispy Kreme...

 

[0roo0roo]

eh rather eat a burger, atleast its got some nutritional value...

 

[BigKev]

boo friggin' hoo ... people are starting to get smarter and realize that sh!t will make them disgustingly fat if they continue to consume it.

 

[StageLeft]

Low carbing is just a temporary fad for most people who do it. KK has no worries.

 

[Eli]

Originally posted by: Skoorb
Low carbing is just a temporary fad for most people who do it. KK has no worries.

How much you wanna bet they'll produce some sort of "low-carb" doughnut?

 

[chibchakan]

Originally posted by: Eli

Originally posted by: Skoorb
Low carbing is just a temporary fad for most people who do it. KK has no worries.

How much you wanna bet they'll produce some sort of "low-carb" doughnut?

But will it taste good?

 

[thomsbrain]

Originally posted by: Frodolives
"News flash! Donuts no longer considered health food!"

bwahahaha

 

[Anubis]

[nelson] HA HA [/nelson]

they taste liek crap anyway

 

[Maetryx]

Of course the question we have to ask ourselves is:

Should we buy some KKD shares now that they are much lower?

 

[DrPizza]

over-rated doughnuts... Tasty, but over-rated.

 

[kranky]

KK stock is now down 50% in the last two months but the company still doesn't fear any lasting effects from the low-carb people.