Krispy Kreme Doughnuts Inc. said Monday that it had filed a franchise offering document with state officials, the latest step in the turnaround of the doughnut chain.
Once the document, a uniform franchise offering circular, is approved by the states that require review, Krispy Kreme said that it expected to be able to offer franchises for sale in all 50 states.
Krispy Kreme has struggled in recent years with financial restatements, investigations into its past accounting practices and a decline in doughnut sales that sent some of its franchisees into bankruptcy.
The company was able to file the franchise offering circular because it is now up-to-date with its audited financial statements, Daryl Brewster, president and chief executive, said in a news release.
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