BusinessCompany NewsKrispy Kreme shares plummet on report delay

Krispy Kreme shares plummet on report delay

Shares in doughnut manufacturer Krispy Kreme fall after annual report delays.

Krispy Kreme saw its share-price fall eight percent after it announced that it would delay the release of its 2005 annual report in order to examine its accounting practices.

According to Reuters the chain’s stock has now plummeted by over 80% since its all-time high of $49.74 in August 2003.

The business, which has suffered because of a SEC probe into its accounting, is expected to report a loss for the fourth quarter ending January 30th 2005.

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