Hot Stocks: Krispy Kreme Doughnuts (KKD) Delivers Sweet Earnings
The market is in a major funk this morning with disappointing employment data, Hungary warning of a possible default, and G20 leaders yapping about the sovereign debt crisis. However, there is one sweet spot: Krispy Kreme Doughnuts (NYSE: KKD).
The junk food favorite reported better than expected earnings which doubled, as interest expenses dropped and same store sales rose 3.4%. However, you should note revenue fell to $92.1 million from $93.4 million last year.
Regardless, if you are looking for a stock in-play, KKD is highly active this morning: