3 Risks That Could Derail Krispy Kreme's Turnaround

Krispy Kreme's turnaround is gaining momentum, but it's not yet fully baked.Krispy Kreme (DNUT +3.44%) is once again trying to prove that its beloved brand can translate into a great business. After years of uneven growth, thin margins, and a failed partnership with McDonald's, management is now focused on profitability -- closing weaker stores, refranchising operations, and improving cash flow.The early signs are encouraging. The adjusted EBITDA margin has improved, and free cash flow turned positive last ...