Same-Store Sales, Income Up At Krispy Kreme

Chain Leader:

Krispy Kreme Doughnuts, Inc. today reported financial results for the third quarter of fiscal 2010, ended November 1, 2009.

Third Quarter Highlights:

* Operating income for the third quarter was $0.6 million, compared to an operating loss of $1.3 million in the third quarter last year

* Operating income for this year’s third quarter reflects provisions for the settlement of litigation and related legal costs totaling approximately $2.0 million ($.03 per share)

* The Company posted a net loss of $2.4 million in the third quarter ($.04 per share), compared to a net loss of $5.9 million ($.09 per share) in the third quarter last year; last year’s net loss reflected a non-operating charge of $900,000 ($.01 per share) related to a loan to a franchisee

* Cash provided by operating activities in the third quarter was $5.8 million, compared to $1.3 million in the third quarter last year; for the fiscal year-to-date, cash provided by operating activities was $15.9 million compared to $10.8 million last year

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