Man I don't know if I would have had the patience to stand there and take it. I think I would have had to say something like "Biatch if I want any lip from you I'll jiggle my zipper" or "If I had a dog that looked like you I would shave his ass and make him walk backwards". I would have had to crack some fat or ugly jokes just because I believe you should treat people the way they treat you. BTW, Krispy Kreme doughnuts suck anyway. If you ever find a Daylight Donut shop then thats the best the hell with the rest.
I can only eat one anyway....with the sugar and fat combination thats abut all I can take...
I bet if I called up and complained about this to management, I would get some sortive free donuts , but what would I do with a couple dozen fatty donuts anyway lol?
I may call the store just to see what they tell me...
I bet if I called up and complained about this to management, I would get some sortive free donuts , but what would I do with a couple dozen fatty donuts anyway lol?
I may call the store just to see what they tell me...
In its first ever such warning, Krispy Kreme Doughnuts Inc. said that earnings would be 10 percent lower than originally forecast during fiscal 2005. At the same time, it outlined a string of significant cost-cutting and strategic moves.
In a statement, Krispy Kreme said the revision was "based on recent category dynamics" and even the low-carbohydrate trend. Actions include the closing of six factory stores.
In a related move, Krispy Kreme said it will "minimize any expenditures related to both the existing Montana Mills concept and the developing concept prototype" and divest the existing Montana Mills operation. The company said it will close most Montana Mills locations and pursue a sale of the remaining Montana Mills stores.
Krispy Kreme paid about $39 million for Montana Mills in April 2003, at the time calling it a "natural outgrowth of the development of Krispy Kreme."
Shares of Krispy Kreme were already down in before-market trading on news of the earnings warning.
"For several months, there has been increasing consumer interest in low-carbohydrate diets, which has adversely impacted several flour-based food categories, including bread, cereal and pasta," said Scott Livengood, Krispy Kreme chairman and CEO.
"This trend had little discernible effect on our business last year. However, recent market data suggests consumer interest in reduced carbohydrate consumption has heightened significantly following the beginning of the year and has accelerated in the last two to three months."
Sales continue to increase at Winston-Salem-based Krispy Kreme. For the first fiscal quarter ended May 2, the company expects to report an approximately 24 percent increase in systemwide sales, including sales of Krispy Kreme company and franchise stores.
Profits in company stores are lower than expected, leading Krispy Kreme to revise guidance for the first quarter and now estimate diluted earnings per share from continuing operations at approximately 23 cents.
The company also expects fiscal 2005 diluted earnings per share from continuing operations to be between $1.04 and $1.06, which is approximately 10 percent lower than prior guidance. Including the charges, diluted earnings per share from continuing operations are estimated to be approximately 16 cents for the first quarter and between 93 cents and 95 cents for fiscal 2005.
"These new industry dynamics present challenges in estimating earnings for the remainder of the year," Livengood said. "Our current guidance assumes a continuation of the low-carb phenomenon that is affecting the industry. Needless to say, we are disappointed that external forces have caused us to revise our first quarter and fiscal 2005 earnings guidance."
Because of the Montana Mills action, Krispy Kreme said it will restate prior and current financial results to recast Montana Mills as discontinued operations. In conjunction with this action, it will record a noncash, pre-tax charge of approximately $35 million to $40 million in the first quarter and anticipate recording pre-tax charges of approximately $2 million to $4 million in subsequent quarters related to potential lease and severance obligations.
Additionally, Krispy Kreme will close three "underperforming" doughnut-and-coffee shop stores, which use doughnut-reheating equipment.
http://www.bizjournals.com/triad/stories/2004/05/03/daily43.html
In a statement, Krispy Kreme said the revision was "based on recent category dynamics" and even the low-carbohydrate trend. Actions include the closing of six factory stores.
In a related move, Krispy Kreme said it will "minimize any expenditures related to both the existing Montana Mills concept and the developing concept prototype" and divest the existing Montana Mills operation. The company said it will close most Montana Mills locations and pursue a sale of the remaining Montana Mills stores.
Krispy Kreme paid about $39 million for Montana Mills in April 2003, at the time calling it a "natural outgrowth of the development of Krispy Kreme."
Shares of Krispy Kreme were already down in before-market trading on news of the earnings warning.
"For several months, there has been increasing consumer interest in low-carbohydrate diets, which has adversely impacted several flour-based food categories, including bread, cereal and pasta," said Scott Livengood, Krispy Kreme chairman and CEO.
"This trend had little discernible effect on our business last year. However, recent market data suggests consumer interest in reduced carbohydrate consumption has heightened significantly following the beginning of the year and has accelerated in the last two to three months."
Sales continue to increase at Winston-Salem-based Krispy Kreme. For the first fiscal quarter ended May 2, the company expects to report an approximately 24 percent increase in systemwide sales, including sales of Krispy Kreme company and franchise stores.
Profits in company stores are lower than expected, leading Krispy Kreme to revise guidance for the first quarter and now estimate diluted earnings per share from continuing operations at approximately 23 cents.
The company also expects fiscal 2005 diluted earnings per share from continuing operations to be between $1.04 and $1.06, which is approximately 10 percent lower than prior guidance. Including the charges, diluted earnings per share from continuing operations are estimated to be approximately 16 cents for the first quarter and between 93 cents and 95 cents for fiscal 2005.
"These new industry dynamics present challenges in estimating earnings for the remainder of the year," Livengood said. "Our current guidance assumes a continuation of the low-carb phenomenon that is affecting the industry. Needless to say, we are disappointed that external forces have caused us to revise our first quarter and fiscal 2005 earnings guidance."
Because of the Montana Mills action, Krispy Kreme said it will restate prior and current financial results to recast Montana Mills as discontinued operations. In conjunction with this action, it will record a noncash, pre-tax charge of approximately $35 million to $40 million in the first quarter and anticipate recording pre-tax charges of approximately $2 million to $4 million in subsequent quarters related to potential lease and severance obligations.
Additionally, Krispy Kreme will close three "underperforming" doughnut-and-coffee shop stores, which use doughnut-reheating equipment.
http://www.bizjournals.com/triad/stories/2004/05/03/daily43.html
