[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 7 September 2007, 18:33 GMT 19:33 UK
Krispy Kreme sees woes continue
Krispy Kreme Doughnuts
Krispy Kreme has received another helping of bad news
Struggling US snack foods giant Krispy Kreme slid deeper into the red as second quarter losses grew to $27m (13.3m) from $4.6m in 2006.

Shares in the doughnut maker fell 25% in reaction to the latest bad news to hit Krispy Kreme, which is in the midst of a restructuring operation.

Healthier eating trends were one of the factors blamed for declining sales.

Competition from rival Dunkin'Donuts and franchisees filing for bankruptcy have also damaged Krispy Kreme.

Past glories

Krispy Kreme is closing some outlets and selling a manufacturing site as it attempts to implement a turnaround plan.

But analysts have questioned whether this will be sufficient to save a name that has been behind glazed doughnuts since 1937.

John Ivankoe, an analyst with JP Morgan, said the company's short-term prospects were not appealing.

"Krispy Kreme is not yet in turnaround mode and we don't expect near term brand recovery," Mr Ivankoe said.

Krispy Kreme down on result delay
28 Nov 05 |  Business
Krispy Kreme dumps six top bosses
21 Jun 05 |  Business
Boss' departure aids Krispy Kreme
18 Jan 05 |  Business
Krispy Kreme shares take dunking
04 Jan 05 |  Business
Krispy Kreme in new sticky mess
22 Nov 04 |  Business
Krispy Kreme in a sticky hole
30 Jul 04 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific