UPDATE: Krispy Kreme Reports Upbeat Q1 Earnings

Krispy Kreme Doughnuts Inc KKD released its results for the fiscal first-quarter on Monday. Krispy Kreme reported its FQ1 net profit at $9.2 million, or $0.13 per share, up from $4.5 million, or $0.06 per share, in the year-earlier period. The company's revenue surged 14% to $104.6 million. However, analysts were expecting earnings of $0.09 per share on sales of $96.8 million. The company's same-store sales surged 5.8%. Krispy Kreme shares gained 1.09% to $6.47 in pre-market trading. Read more from Benzinga's Company news.