Saturday, March 16, 2013

Krispy Kreme (KKD) and other yummy stocks

A rough year ahead was forecasted by Krispy Kreme (KKD) on Thursday, which lead to a slipping in stock price during after-hours trading. The news was especially hard to announce considering the relative strength of it's competitors such as Starbucks (SBUX) and Dunkin Donuts (DNKN) coming into this year. Their plan of attack for 2013, as outlined during their earnings report, is an ambitious international and domestic growth plan. They plan to set up 400 new domestic stores and 900 new stores in 10 different countries over the next five years, and with the deal recently made with Huan Hsin Ltd., they will likely be starting in Taiwan.