Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

DB Alex. Brown Sweetens Krispy Kreme Rating


DB Alex. Brown upgraded Krispy Kreme(KREM) to strong buy from buy.

Analyst John Glass says the baked goods company materially beat estimates and guided up its earnings well beyond expectations. He still believes estimates are conservative and sees $0.77 fiscal 2002 (Jan.) EPS, and $1.00 for fiscal 2003.

Glass says the margin story is beginning to unfold. He notes the company achieved margin expansion despite expected comparison moderation suggesting the true profit potential of this company. He sees a dilutive impact from big new-store openings.

Other catalysts: accretive buybacks of old franchises, continued new market entries, and Thursday's NYSE listing.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus