2 Food Stocks Sweeten Up Trading Interest Ahead of Earnings

Krispy Kreme Doughnuts Inc. (NYSE:KKD) will unveil its latest earnings on Wednesday, November 30, 2011. The average estimate of analysts is for profit of 6 cents per share, a rise of twofold from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 166.7% versus last year to 32 cents.

Last quarter, the company met expectations by reporting net income of 6 cents per share last quarter. In the previous first quarter, the company beat estimates by 4 cents. On average, analysts predict $99.3 million in revenue this quarter, a rise of 10.9% from the year ago quarter. Analysts are forecasting total revenue of $401.1 million for the year, a rise of 10.8% from last year’s revenue of $362 million.

Competitors to Watch: Retail Food Group Limited (NYSE:RFG), Jamba, Inc. (NASDAQ:JMBA), Peet’s Coffee & Tea, Inc. (NASDAQ:PEET), Starbucks Corporation (NASDAQ:SBUX), Tim Hortons (NYSE:THI), Wendy’s (NYSE:WEN), McDonald’s (NYSE:MCD) and Panera Bread Company (NASDAQ:PNRA).

The Fresh Market (NASDAQ:TFM) will unveil its latest earnings on Wednesday, November 30, 2011. The average estimate of analysts is for net income of 20 cents per share, a decline of 13% from the company’s actual earnings for the same quarter a year ago. For the year, analysts are projecting profit of $1.13 per share, a rise of 31.4% from last year.

Competitors to Watch: Whole Foods Market, Inc. (NASDAQ:WFM), Safeway Inc. (NYSE:SWY), The Kroger Co. (NYSE:KR), Ruddick Corporation (NYSE:RDK), Ingles Markets, Inc. (NASDAQ:IMKTA), Winn-Dixie Stores, Inc. (NASDAQ:WINN), SUPERVALU INC. (NYSE:SVU), Weis Markets, Inc. (NYSE:WMK), Wal-Mart (NYSE:WMT), Target (NYSE:TGT) and Arden Group, Inc. (NASDAQ:ARDNA).