Krispy Kreme

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Headquarters: 370 Knollwood St., Suite 500 Winston-Salem, NC 27103 Employees: 4,700 CEO: Daryl Brewster Stock Symbol: KKD Website: http://www.krispykreme.com Career Site Krispy Kreme operates a national chain of stores selling fresh made doughnuts and coffee. Krispy Kreme is best known for its signature Hot Original Glazed doughnuts made throughout the day and lets customers know with a "Hot Doughnuts Now" sign that lights up. There are currently 411 Krispy Kreme shops and satellite stores operating in 41 US states, Australia, Canada, Hong Kong, Indonesia, Japan, Kuwait, Mexico, Philippines, Republic of South Korea, United Arab Emirates and United Kingdom. Each store can produce anywhere from 2,400 to over 6,000 dozen per day. Stores also sell doughnuts to local supermarkets. Stores make more than 2 billion doughnuts annually. Krispy Kreme was once a fast-growing chain but sales have plummeted since 2004 due to overexpansino and accounting irregularities were reported by management. The SEC has also investigated the company's finances. Krispy Kreme has restructured and also terminated licenses with poor performing franchises in Southern California, Houston and Philadelphia. In fiscal 2006, the company reported revenues of $461.1 milliion and net loss of $42.2 million. History Vernon Rudolph bought a secret donut recipe from a French chef from New Orleans and rented a building in Winston-Salem, NC. He began selling Krispy-Kreme doughnuts on July 13, 1937 to local grocery stores. People soon began stopping by asking if they could buy hot doughnuts, so Rudolph cut a hole in the wall and started selling Hot Original Glazed doughnuts directly to customers. Krispy Kreme would grow throughout the Southeast and nationally. Each new store opening became a local event as hundreds of customers waited in line to get fresh hot doughnuts. The company was sold to Beatrice Foods in 1976. In 1982, some employees and franchisees bought back the company from Beatrice Foods and led an expansion of stores nationwide into NYC in 1996 and California in 1999. The company went public in April 2000. Benefits - Medical Insurance - Dental Insurance - Life Insurance - Disability Insurance - 401(k) Savings Plan - Krispy Kreme Profit Sharing Stock Ownership Plan - Training - Paid Vacation - Scholarship Program - Advancement Potential - Discounted products - Plus free doughnuts Updated October 27, 2007