| Business Summary | | Krispy
Kreme
Doughnuts,
Inc.
(Krispy
Kreme)
is
a
branded
specialty
retailer
of
premium
quality
doughnuts.
Krispy
Kreme
is
a
vertically
integrated
company
structured
to
support
and
profit
from
the
high
volume
production
and
sale
of
high
quality
doughnut
products.
The
Company's
business
is
driven
by
two
complementary
business
units:
Store
Operations,
both
company
and
franchise;
and
KKM&D.
The
Company's
principal
source
of
revenue
is
the
sale
of
doughnuts
produced
and
distributed
by
Store
Operations.
As
part
of
its
unique
business
model,
the
Company's
stores
are
both
retail
outlets
and
highly
automated,
high-volume
producers
of
its
doughnut
products
and
can
sell
their
products
through
multiple
sales
channels.
KKM&D
has
developed
important
operating
competencies
and
capabilities,
which
it
uses
to
support
the
Company's
stores,
including:
strong
product
knowledge
and
technical
skills;
control
of
all
critical
production
and
distribution
processes;
and
collective
buying
power. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Krispy
Kreme
is
a
branded
specialty
retailer
of
premium
quality
doughnuts
which
are
made
throughout
the
day.
As
of
4/29/01,
there
are
180
Krispy
Kreme
stores
operating
nationwide.
For
the
13
weeks
ended
4/29/01,
revenues
rose
24%
to
$87.9
million.
Net
income
increased
89%
to
$5.7
million.
Revenues
benefited
from
increased
comparable
store
sales
and
new
franchise
stores.
Earnings
reflect
improved
efficiencies,
selected
price
increases
and
higher
investment
income. Recent Earnings Announcement For
the
13
weeks
ended
07/29/2001,
revenues
were
89,545;
after
tax
earnings
were
5,915. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Scott Livengood, 48 Chairman,
Pres, CEO | $1.3M | John McAleer, 42 Vice
Chairman, Exec. VP- Concept Devel. | 716K | John Tate, 50 CFO
and Pres, Manufacturing and Distribution Division | 531K | Donald Henshall, 39 Pres
of Krispy Kreme International | -- | J. Paul Breitbach, 63 Exec.
VP- Fin., Admin. and Support Operations | 962K | Dollar
amounts are as of 28-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|