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Will Ice Cream Help Krispy Kreme's Sales?
oWell ( Score Rank: #275 based on predictions in the last 30 days ) oWell  |  closed on 01-Dec-2008 (1 day ago)
Krispy Kreme's signature glazed doughnuts may be best hot. The company has been trying to revive its sales for nearly three years, amid a health craze that made its glazed doughnuts an indulgence that many just couldn't stomach. Krispy Kreme's stock price has reflected the turmoil, falling to an all-time low of $2.23 earlier this year. The stock had been trading nearer to $50 at the beginning of the decade. Sales actually declined 8% for that period and same-store sales, or sales at stores open at least a year, dropped 6.5% in the six months ended Aug. 3.

Now industry watchers say Krispy Kreme Doughnuts' latest turnaround plan - which includes launching the new ice cream as well as opening smaller stores and expanding overseas - still may not be enough to help the chain climb out of its hole.

Will ice cream help its sales?

source: http://www.usatoday.com/m...
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Comments (2)
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  1. humme humme 69 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 78% ] Yes
    (more)
    Love Krispy Kreme. I am sure I will like the new Krispy Ice-Kreme.
  2. black-shoulder black-shoulder 71 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 85% ] No
    (more)
    I love Crispy Kreme, but I think the downward spiral in sales is not something that can be turned around easily in this very health-conscious world. And selling ice-cream probably won't do much to booster the sale either, as the choices for good ice-cream are just numerous to begin with.
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