date:Mar 18, 2013
Net income at Krispy Kreme Doughnuts, Inc. in the year ended Jan. 27 was $20,779,000, equal to 31c per share on the common stock, down sharply from $166,269,000, or $2.40 per share, in fiscal 2011. Year-over-year fourth-quarter results also were down, falling to $4,780,000, or 7c per share, from $143,542,000, or $2.06 per share.
Both the fourth-quarter and full-year results for fiscal 2011 included a non-recurring credit of $139.6 million from the reversal of valuation allowances on deferred in