Krispy Kreme Inc is a renowned company specializing in the production and sale of fresh, high-quality doughnuts and coffee
Known for its iconic Original Glazed doughnut, Krispy Kreme operates a network of retail locations, including drive-thrus and in-store cafés, where customers can enjoy a variety of delectable doughnut flavors and beverages. The company also engages in wholesale distribution, supplying its products to grocery stores and other retailers. With a commitment to innovation, Krispy Kreme frequently introduces new flavors and seasonal offerings, making it a beloved brand among doughnut enthusiasts worldwide.
McDonald's won't be adding an egg surcharge anytime soon in restaurants. The restaurant giant is celebrating its breakfast anniversary with specials on egg-based menu items.
Shares of doughnut chain Krispy Kreme (NASDAQDNUT)
fell 26.1% in the pre-market session after the company reported disappointing Q4 2024 results as it missed across all key metrics, including sales, operating profits, and earnings. Revenue fell 10.4% year on year, reflecting a decline in U.S. sales due to the Insomnia Cookies divestiture and the impact of a cybersecurity incident that cost an estimated $11 million in lost revenue.
Doughnut chain Krispy Kreme (NASDAQDNUT) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 10.4% year on year to $404 million. The company’s full-year revenue guidance of $1.6 billion at the midpoint came in 10.4% below analysts’ estimates. Its non-GAAP profit of $0.01 per share was 89.8% below analysts’ consensus estimates.
Markets fell broadly Tuesday with the S&P 500 trading at five-week lows and the Nasdaq extending its three-day losing streak. The Dow Jones managed to recover midday while Wall Street digested a weaker-than-anticipated consumer confidence survey from the Conference Board, adding to concerns over the health of the U.S.
Krispy Kreme Inc (NASDAQDNUT) shares fall after the company reported worse-than-expected fourth-quarter results for FY24. Sales dropped 10.4% year-on-year to $404 million, missing estimates. The company cited lost revenue from the 2024 Cybersecurity Incident and widened operating losses.
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