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Fly News Breaks for December 14, 2015
KKD
Dec 14, 2015 | 09:10 EDT
After meeting with Krispy Kreme's management, Wedbush thinks that expectations for the company's fiscal 2017 results can rise, driven by favorable mix shifts, "consistent double-digit company-owned unit growth, accelerating franchisee unit growth, industry-leading international unit growth and share repurchases." The firm thinks that coffee is poised to become a much bigger part of the company's business by fiscal 2018, and it's upbeat on the company's international outlook. Wedbush keeps an Outperform rating on the shares.
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