Krispy Kreme Doughnuts, Inc. announced that it has completed the repurchase of common shares authorized by its Board of Directors on March 27, 2012. Pursuant to the repurchase authorization, the Company purchased a total of 3,112,928 of its common shares for an aggregate purchase price of $20 million inclusive of commissions, an average price of $6.42 per share.
Owner Amanda Michael, who named her place after daughter Jane, opened her first San Francisco location in 2011, starting with pastries, breakfast and lunch items. A second store followed in 2013. Then came their “bursting at the seams” moment.