Hot Glazed Enchantment Inc., a franchisee of
Krispy Kreme Doughnuts, Inc. (
, recently announced the reopening of Krispy Kreme Doughnut Factory
in Arizona after the completion of the store renovation.
Hot Glazed Enchantment is the franchisee partner of the Krispy
Kreme and is new to Arizona. Hot Glazed is planning to open more
stores in the state in future. The latest Krispy Kreme unit is
located at 6627 East Superstition Springs Blvd in Mesa,
Krispy Kreme remains committed to its plan of expanding its
business in both international and domestic markets. In the first
quarter of 2013, the company stated its plans of opening 5 to 10
company stores, 10 to 15 domestic franchise stores and more than 75
international franchise stores in 2013. Recently, Krispy Kreme
entered into development deals for expanding in India over the next
Winston-Salem, North Carolina-based, Krispy Kreme is a renowned
retailer and wholesaler of superior quality doughnuts, beverages,
and treats and packaged sweets. The company also operates franchise
stores and manufactures and sells doughnut mixes, doughnut-making
equipment and other ingredients and supplies. As of January 29,
2012, it operates 92 company-operated doughnut shops in 19 states
across United States and the District of Columbia, 142 domestic
franchise stores in 29 states across United States and 460
international franchise shops in 20 countries.
Krispy Kreme, which competes with
Brinker International Inc. (
, currently retains a Zacks #4 Rank, which translates into a
short-term Sell rating. We are also maintaining our long-term
Neutral recommendation on the stock.
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