Trade with Eva : Analytics in action: =Krispy Kreme (KKD) reported earnings on Tue 22 March 2016 (a/h)

Tuesday, March 22, 2016

Krispy Kreme beats by $0.01, misses on revs; guides FY17 EPS below consensus :

Reports Q4 (Jan) earnings of $0.22 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.21; revenues rose 4.0% year/year to $130.4 mln vs the $131.83 mln Capital IQ Consensus.
Co issues downside guidance for FY17, sees EPS of $0.87-0.91, excluding non-recurring items, vs. $0.93 Capital IQ Consensus Estimate
In recognition of the co's continuing ability to generate cash flow in excess of its current business needs, the Board of Directors increased the Company's share repurchase authorization by $100 million in March 2016 from $155 million to $255 million
With this increase, the Company has current authorization to repurchase an additional $143.4 million worth of shares.