NATION

NATION

Krispy Kreme tumbles;
some closings expected

CHARLOTTE, N.C. — Krispy Kreme Doughnuts Inc. shares tumbled 38 percent Friday, a day after the company reported a wider loss and lower revenue for the second quarter. Chief Executive Daryl Brewster said the company is closing or improving underperforming shops, divesting a manufacturing facility, helping current franchisees restructure their operations, and continuing expansions overseas.

Shares of the Winston-Salem company dropped $2.42, or 38.2 percent, to a new 52-week low $3.91 in trading Friday.

Earnings expectations
lower for Harley-Davidson

MILWAUKEE — They may be macho but they’re not immune. Harley-Davidson riders, like other consumers, are curbing their spending amid the credit crisis and economic uncertainty.

The motorcycle maker lowered its earnings expectations for the year Friday and said it would cut bike shipments, sending shares plunging more than 8 percent.

Chief Executive Jim Ziemer said the move was necessary given that now is a “difficult time for the U.S. consumer.”

Associated Press