Shares in Krispy Kreme see their biggest rise in two
years as revenues at the doughnut retailer jump 9%. Overall revenue was up
9.0% to $132.5m for the first quarter ending 3 May, with the bulk of this
improvement being driven by its US stores. Sales at its US outlets climbed
5.2%, trouncing analyst expectations and sparking a buying frenzy for its
shares. Krispy Kreme now operates 1,003 stores worldwide, up 17.3%
against the same quarter last year. Boss Tony Thompson sees no signs of this
growth slowing. He said: "Internationally we signed agreements in
Cambodia, Guatemala, and South Africa as part of our goal to enter a total of
six new countries this year."
