BusinessBusiness RecoveryKrispy Kreme in a hole over late accounts

Krispy Kreme in a hole over late accounts

US doughnut manufacturer reveals more financial woes, as it delays an earnings report due to the continued evaluation of its accounting procedures

Krispy Kreme in a hole over late accounts

Krispy Kreme Doughnuts is to further delay an earnings report for its most
recent quarterly figures, as it continues to evaluate its accounting practices,
the company announced in a filing with the US Securities and Exchange
Commission.

The company said that it expects to report quarterly revenues of about $140m
(£76.7m), down from the $177.4m it reported in the same quarter last year.

Krispy Kreme, the US’s second-largest doughnut chain, has not filed earnings
statements since the departure of former chief executive Scott Livengood in
January.

According to its most recent filing, the company’s review of the accounting
principles used in its statements are likely to delay the finalisation of its
financial statements until the second quarter of 2006.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

4d Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

4d Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

3w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor