Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
..an excerpt from an article by Lauren Diethelm on Fundera. Halfaker...
A Small Business Success Story. MyCorporation.com & CorpNet, founded by Nellie Alkap ...an excerpt from an article by Lauren Diethelm on Fundera. Nellie...

Sponsors

I-insureme
$$$ BUILD HUGE INCOME SELLING SOMETHING EVERYONE MUST HAVE $$$ Call our 24-hour message line at 301-276-5575 now!
Carelumina
Make up to $1,000/week! We are changing the industry with our physician formulated state-of-the-art products & services!
CTFO
TAKE A FREE POSITION NOW WITH CTFO SELLING CBD HEMP OIL! Join The Hottest Wellness Trend & Next Billion Dollar Industry.
Home-Based Travel Business Making $$$$
Cash in with us on the Multi-Trillion Dollar Travel Industry by working as an independent Affiliate for World Discovery!
 
Resource Center > Article
Krispy Kreme Announces $20M in Share Repurchase Authorization
28 Mar 12 Posted by: Kevin James Culp
in Opportunity Focus
Share this Article:

The Board of Directors of Krispy Kreme Doughnuts, Inc. (NYSE: KKD) has approved a share repurchase program of up to $20 million, effective immediately. This program is intended to be implemented through purchases made from time to time either in the open market or through private transactions, in accordance with United States Securities and Exchange Commission requirements. As of March 28, 2012, the Company had approximately 68 million shares outstanding.

"This share repurchase authorization is an indication of Krispy Kreme's financial strength as well as our positive outlook for the future," commented James H. Morgan, Jr., Chairman and CEO. "Over the past several years, we have substantially improved our performance and strengthened our balance sheet, and are confident that we have the capital resources to implement and support our growth plans. This authorization is also consistent with our ongoing commitment to enhance long-term returns to our shareholders."

As previously announced, the Company forecasts operating income for fiscal 2013, ending February 3, 2013, in the range of $29 to $33 million. This would represent an increase of between 13% and 29% over the $25.6 million of operating income earned in fiscal 2012. Cash provided by operating activities is forecasted to be in the range of $39 to $43 million. After deducting capital expenditures estimated at $20 million and $2 million of scheduled debt principal payments, the Company forecasts generating free cash flow in the range of $17 to $21 million in fiscal 2013. Free cash flow is a non-GAAP measure (see the reconciliation of GAAP to free cash flow in the table accompanying this release).

As of January 29, 2012, the Company's cash balance was $44 million and unused borrowing capacity on its revolving credit facility was $15 million.

SOURCE: CNBC


 

 

Related Blog Posts
9 Jan 19 Posted by: Todd Hatch
in Opportunity Focus
..an excerpt from an article by Lauren Diethelm on Fundera. Halfaker...
8 Jan 19 Posted by: Todd Hatch
in Opportunity Focus
Ready To Leave The 9-5 World Forever? This Online Business is all about FREEDOM Hi, my name’s Adam Bude. Six years ago I made the decision to leave the 9-5 grind forever. I was tired of being at the effect of company restructures, global economic...
12 Dec 18 Posted by: Todd Hatch
in Opportunity Focus
...an excerpt written by Lauren Diethelm in her article on Fundera. Zoom,...
10 Aug 16 Posted by: Kathleen C Lanza
in Opportunity Focus

Free Business Opportunity Seekers is what I Googled just now to see what came up. I know that many are looking to get into a business with no money. Yet, hey have the actual potential to make it not just invest a lot of sweat equality that goes no where.

OMG it was MLM city and a nightmare...
9 Aug 16 Posted by: Kevin James Culp
in Opportunity Focus

Start a Business Opportunity with $100 or Less - Don’t let a lack of funds keep you from starting your own business.

Start a Business Opportunity with $100 or Less is Actually possible. The variety of opportunities available is surprising, and not all are internet related. It’s a fact, you...
 
   
Entrepreneur's Source for Everything Business Opportunity and Franchise Related
..an excerpt from an article by Lauren Diethelm on Fundera. Halfaker...
Read More


Premium Sponsor