** charts after earnings **
Krispy Kreme misses by $0.01, misses on revs; guides FY16 EPS below consensus; Systemwide domestic same store sales rose +3.4% :
- Reports Q3 (Oct) earnings of $0.19 per share, excluding non-recurring items,$0.01 worse than the Capital IQ Consensus of $0.20; revenues rose 4.6% year/year to $128.54 mln vs the $133.33 mln Capital IQ Consensus.
- Co issues downside guidance for FY16, sees EPS of $0.78-0.80, excluding non-recurring items, vs. $0.81 Capital IQ Consensus Estimate and vs prior guidance of $0.76-0.80.
- Systemwide domestic same store sales in Q3 rose +3.4%, including a +2.8% gain at Company Stores; constant currency international franchise same store sales declined -3.7%.
- "Continued strong systemwide domestic same store sales reflected our effective use of promotional incentives such as 'special event' days and premium-priced limited time offers which drove both sales and traffic. We remain focused on growing at a prudent pace and continuing to return excess capital to shareholders through ongoing share repurchases."
- Co says it's on track to open over 130 net new Krispy Kreme shops around the world in fiscal 2016.
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