Krispy Kreme (NYSE:KKD) Surges on Optimistic Outlook – KKD, MCD, WEN, ARCO, YUM

Krispy Kreme Doughnuts (NYSE:KKD)’s shares surged over 4% on Monday after the doughnut maker firm heaved its guidance for 2013.

Winston-Salem, N.C.-based Krispy Kreme (KKD) reported that it anticipates adjusted 2013 earnings in range of 44 cents and 47 cents per share. Analysts are at present estimation, on average, 42 cents per share.

Krispy Kreme also exceeded Q3 anticipations, declaring adjusted earnings of 12 cents per share on revenue of $107.1M. Analysts anticipated earnings of 7 cents share on revenue of $104.7M.
The firm reported that revenues for the quarter surged 8.5% to $107.1M from $98.7M previous year. Analysts polled by Thomson Reuters predictable revenues of $104.56M for the quarter.

Krispy Kreme Doughnuts (NYSE:KKD) traded at $7.54 by increasing 4.29% with price volatility of 3.63% for a week and 3.05% for a month plus price volatility’s Average True Range for 14 days was 0.23 and its beta stands at 1.62 times.

Stocks after opening at $7.37 hit high price of $7.57 and on last session stock held volume of 995,933 shares which was unexpectedly higher than its average volume of 462,518 million shares.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.63 as current ratio and on the opponent side the debt to equity ratio was 0.11 and long-term debt to equity ratio remained 0.10. The Company had total cash at hand $41.00 million and a book value per share as $3.46 in the most recent quarter.

While investors who viewing KKD against other stocks with the reference of profit margin that are McDonald’s Corporation (NYSE:MCD) having profit margin 19.85%, The Wendy’s Company (NASDAQ:WEN) with -0.53% profit margin, Arcos Dorados Holding Inc (NYSE:ARCO) having 3.10% profit margin and Yum! Brands, Inc. (NYSE:YUM) having profit margin of 11.99%.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.