(Boursier.com) — Krispy Kreme, the American restaurant chain specializing in donuts, plunged before the stock market on Wall Street, while quarterly sales and profits missed the consensus. For the second fiscal quarter, the North Carolina group posted revenue growth of 7.5%, with organic expansion of 8.9%. The group is trying to calm the markets by adding that at this point in the third quarter, revenues have climbed 8% with organic growth of 10%. In the quarter ended in early July, revenues were $375 million, which still reflects a 50% increase in two years. The net loss for the quarter ended, in GAAP, was 2.4 million dollars, against 15 million dollars of deficit a year earlier. Quarterly diluted adjusted earnings per share were 8 cents, compared to 13 cents a year earlier, due, the group explains, to the dilution following the IPO. Quarterly adjusted EBITDA was 47.4 million.
The group expects, for the financial year, revenues ranging from 1.49 to 1.52 billion dollars, organic growth of 10 to 12%, an adjusted Ebitda of 189 to 195 million, and an adjusted EPS of 29 to 32 cents.
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