Financial Performance
As of April 10, 2009, there were approximately 14,700 shareholders of record of common stock. Company did not pay dividends in fiscal 2009 and fiscal 2008. Krispy Kreme Doughnuts retained any earnings to finance business and did not anticipate paying cash dividends in the foreseeable future. Furthermore, the terms of secured credit facilities prohibit the payment of dividends on common stock. No purchases were made by or on behalf of the Company of its equity securities in fiscal 2009.
Fiscal 2009 compared to Fiscal 2008, excluding sales for the 53rd week in fiscal 2008, system wide sales decreased approximately 0.1% in fiscal 2009 compared to fiscal 2008, reflecting a 15.1% decrease in average weekly sales per store,
As of April 10, 2009, there were approximately 14,700 shareholders of record of common stock. Company did not pay dividends in fiscal 2009 and fiscal 2008. Krispy Kreme Doughnuts retained any earnings to finance business and did not anticipate paying cash dividends in the foreseeable future. Furthermore, the terms of secured credit facilities prohibit the payment of dividends on common stock. No purchases were made by or on behalf of the Company of its equity securities in fiscal 2009.
Fiscal 2009 compared to Fiscal 2008, excluding sales for the 53rd week in fiscal 2008, system wide sales decreased approximately 0.1% in fiscal 2009 compared to fiscal 2008, reflecting a 15.1% decrease in average weekly sales per store,