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Krispy Kreme to report on Monday

Krispy Kreme Doughnuts will announce its first-quarter results for 2014 on Monday. The consensus is for earnings per share (EPS) of 23 cents and revenue of $125 million.

When the doughnut company released its final quarter results for 2013 in March, the stock jumped higher but the rally eventually petered out. Although the latest results missed expectations, the increase in revenue, profits and EPS impressed investors, raising its outlook for the year and authorising an additional share buyback scheme helped the share price exceed 2100.

The stock is currently trading at 1911, and it has found support around the 1800 level. As the forecast was raised in March it might be difficult to meet the high expectations, and the severe winter in North America may have impacted on sales. The results would have to smash expectations to for the stock to target 2100.

Krispy Kreme chart

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