Can anyone tell me what "Impairment charges and lease termination costs" and "Equity in losses of Equity Method Franchisees" expenses are and where in the balance sheet are these items carried.
I am asking this because it seems as though these charges have a great deal of management discretion and thus can affect the P&L and thus EPS greatly. This could give management one more tool to "manage" earnings, which in many ways stockholders do not want.
good point, it can manipulate the numbers like lower paying debt this q and manipulate the depreciation within range but excessively, in the past this company has been making money the street dont give sghiiit casue of the ceo is not saying much other than we are doin fine like southerenes , we need to open more stoere and solicite potential buyes for mor than suppesely rummered 7 dollars buyiut by webndy, we wil see tomo if this company has a leg, i think still wendy should but out this ocmpany with msitxture of cash and stock offer for 10 dollars oer sghare
Sounds like you are trading this one. I'll just continue to add on the dips. The most hated turnaround story on Wall Street:
Krispy Kreme was also able to reduce its debt by $31.4 million during its fiscal 2010, to $43.4 million.
The company increased its number of stores worldwide by 59 over the past year. Looking ahead to fiscal 2011, Krispy Kreme expects to add seven to 10 company stores and 35 to 45 domestic and international franchise shops. While most of its growth recently has been abroad, Krispy Kreme expects the number of domestic stores to rise for the first time since 2005.