Krispy Kreme Sinks
Krispy Kreme Doughnuts (KKD ) cut its earnings forecast, and now sees 23 cents first-quarter earnings per share from continuing operations (excluding charges), and $1.04 to $1.06 fiscal 2005 earnings per share. Krispy Kreme cited increasing consumer interest in low-carb diets. This is the first earnings warning for the popular doughnut maker. S&P and Thomas Weisel downgraded.
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