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The business prospered and in the 1950?¦s over ten other locations were opened. The business was able to produce 500 dozen doughnuts an hour. ?§Revenues grew from less than a million in 1954 to $58 millions in 1974.??(C-280) The company was bought out in 1976 by Beatrice Foods. This hurt the name and image of Krispy Kreme. Revenues began to fall and customers were not satisfied with the new owner?¦s changes to the image of the doughnut giant. Then in 1982, new buyers decided to go back to the original image of Krispy Kreme and revenues again began to rise. Revenues gradually rose to $117 million in 1989 and then stayed the same over the next six years...
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