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Website: http://www.krispykreme.com 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 520 Krispy Kreme stores operating in 16 countries, including the United States, Australia, Bahrain, Canada, Indonesia, Japan, Kuwait, Lebanon, Malaysia, Mexico, the Philippines, the Republic of Korea, Qatar, the Kingdom of Saudi Arabia, the United Arab Emirates, and the United Kingdom. Each Krispy Kreme store can produce anywhere from 2,400 to over 6,000 dozen per day. Stores also sell doughnuts to local supermarkets. In fiscal 2009, the company reported revenues of $383.9 milliion and net loss of $4.1 million. Average weekly sales for company-owned stores were $50,800 per week and $31,600 for all stores systemwide. 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. Krispy Kreme was once a fast-growing chain earlier in the decade but overexpansion and accounting irregularities led to store closings. Benefits - Medical Insurance Updated May 27, 2009 |