Boston, MA 06/03/2013 (wallstreetpr) – Krispy Kreme Doughnuts (NYSE:KKD) had witnessed a surge in its share prices by 21.46 percent to close at $17.32 per share for the end of last trading session on Friday. The shares of the retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets had been trading in the range of $15.35 to $17.79 per share and they finally closed at $3.06 per share higher than the previous closing price. The shares of Krispy Kreme Doughnuts (NYSE:KKD) had thereby hit new 52 week high price level at $17.79 per share and the 52 week low price level of the company is at $5.86 per share.
Krispy Kreme Doughnuts (NYSE:KKD) in involved in the wholesale and retail sales of doughnuts complementary beverages and treats with its operations managed through franchises. The company principally operates through its own and franchisee stores of Krispy Kreme, where a variety of doughnuts are sold and distributed along with other accompanying beverages, treats, packaged sweets and coffees.
Krispy Kreme Doughnuts (NYSE:KKD) had recently released its first quarter financial results in which the earnings per share of the company had raised by 32 percent to 20 cents. The doughnuts retailer and wholesaler had thereby increased its full year earnings per share guidance to 59 to 63 cents.
The shares of Krispy Kreme Doughnuts (NYSE:KKD) had witnessed heavy trading volume on Friday when nearly 12.01 million shares exchanged hands while the average trading volume of the doughnuts seller is at 1.63 million shares per day.
