Online Business Accounting

Krispy Kreme’s financial statements ?

1. Has Krispy Kreme issued any preferred stock? If so, what are its features? 2. How many shares of common stock are issued and outstanding at the end of fiscal years 2003 and 2002? How do these numbers compare with the weighted-average common shares outstanding at the end of fiscal years 2003 and 2002? 3. What is the book value of its entire common stock at February 2, 2003? 4. What is the total amount of cash dividends paid to common stockholders for fiscal years 2003 and 2002? 5. Identify and compare basic EPS amounts across years 2003, 2002, and 2001. Identify and comment on any significant changes. 6. Does Krispy Kreme hold any treasury stock as of February 2, 2003? As of February 3, 2002? 7. Does Krispy Kreme report any changes in accounting principles or the occurrence of extraordinary items for fiscal years 2003 or 2002? Are there gains or losses on disposal of a business segment for fiscal years 2003 or 2002? Roll On 8. Access Krispy Kreme’s financial statements for fiscal years ending after February 2, 2003, from its Website (KrispyKreme.com) or the SEC’s EDGAR database (www.SEC.gov). Has the number of common shares outstanding increased since February 2, 2003? Has Krispy Kreme increased the total amount of cash dividends paid compared to the total amount for fiscal year 2003

Public Comments

1. 1. Has Krispy Kreme issued any preferred stock? If so, what are its features? Krispy Kreme has no preferred stock issued or outstanding. 2. How many shares of common stock are issued and outstanding at the end of fiscal years 2003 and 2002? How do these numbers compare with the weighted-average common shares outstanding at the end of fiscal years 2003 and 2002? Common stock issued and outstanding: 56,295,000 (2003) and 54,271,000 (2002) Weighted average common shares outstanding: 55,092,542 (2003) and 53,702,916 (2002). 3. What is the book value of its entire common stock at February 2, 2003? Book value of entire common stock at Feb 2, 2003:$ 273,352,000. 4. What is the total amount of cash dividends paid to common stockholders for fiscal years 2003 and 2002? No cash dividends were paid to common stockholders for fiscal years 2003 and 2002. 5. Identify and compare basic EPS amounts across years 2003, 2002, and 2001. Identify and comment on any significant changes. EPS amounts for years 2003, 2002, and 2001: $0.61, $0.49, $0.30. EPS for 2003 improved 24.49% over 2003. It could have improved more if not for the higher than proportional increase in depreciation & amortization, and for the arbitration award, in 2003. 6. Does Krispy Kreme hold any treasury stock as of February 2, 2003? As of February 3, 2002? Krispy Kreme did not hold any treasury stock at either of those 2 dates. 7. Does Krispy Kreme report any changes in accounting principles or the occurrence of extraordinary items for fiscal years 2003 or 2002? Are there gains or losses on disposal of a business segment for fiscal years 2003 or 2002? There were none of these items for fiscal years 2003 or 2002. 8. Access Krispy Kreme’s financial statements for fiscal years ending after February 2, 2003, from its Website (KrispyKreme.com) or the SEC’s EDGAR database (www.SEC.gov). Has the number of common shares outstanding increased since February 2, 2003? Has Krispy Kreme increased the total amount of cash dividends paid compared to the total amount for fiscal year 2003? Yes, the number of common shares outstanding has increased through the years and stood at 65,370,000 at Feb 3, 2008. The increase was due mostly to exercising of stock options and some issuance of shares. No cash dividends were declared or paid from 2003 through 2008.