Krispy Kreme stock heads for record low as earnings set for further disappointment

Dow Jones

25 Feb

MW Krispy Kreme stock heads for record low as earnings set for further disappointment

Krispy Kreme Inc. shares $(DNUT)$ fell more than 10% toward a record low in premarket trading Tuesday after the doughnut company's fourth-quarter revenue took a hit from the sale of its majority stake in Insomnia Cookies and last year's hacking incident.

Revenue fell 10.4% to $404 million from $450.9 million in the prior year's quarter, missing the FactSet consensus estimate of $414 million. Krispy Kreme said the sale of its Insomnia Cookies stake had a $101 million impact on revenue, and the 2024 cybersecurity incident had an estimated $11 million impact.

The company's adjusted fourth-quarter profit of 1 cent a share missed the FactSet consensus estimate of 10 cents a share.

Krispy Kreme also gave weaker-than-expected full-year revenue and earnings guidance. For fiscal 2025, Krispy Kreme expects revenue between $1.55 billion and $1.65 billion, and adjusted earnings between 4 cents and 8 cents a share. Analysts surveyed by FactSet are looking for, on average, revenue of $1.76 billion and adjusted earnings of 30 cents a share.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 25, 2025 07:49 ET (12:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Krispy Kreme said the sale of its Insomnia Cookies stake had a $101 million impact on revenue, and the 2024 cybersecurity incident had an estimated $11 million impact. \n</p>\n<p>\n     The company's adjusted fourth-quarter profit of 1 cent a share missed the FactSet consensus estimate of 10 cents a share. \n</p>\n<p>\n     Krispy Kreme also gave weaker-than-expected full-year revenue and earnings guidance. For fiscal 2025, Krispy Kreme expects revenue between $1.55 billion and $1.65 billion, and adjusted earnings between 4 cents and 8 cents a share. Analysts surveyed by FactSet are looking for, on average, revenue of $1.76 billion and adjusted earnings of 30 cents a share. \n</p>\n<p>\n     -James Rogers \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 07:49 ET (12:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DNUT","symbol_name":"Krispy Kreme, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514096461","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514096461","pubTimestamp":1740487740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Krispy Kreme Inc. shares  fell more than 10% toward a record low in premarket trading Tuesday after the doughnut company's fourth-quarter revenue took a hit from the sale of its majority stake in Insomnia Cookies and last year's hacking incident.Revenue fell 10.4% to $404 million from $450.9 million in the prior year's quarter, missing the FactSet consensus estimate of $414 million. Krispy Kreme said the sale of its Insomnia Cookies stake had a $101 million impact on revenue, and the 2024 cybersecurity incident had an estimated $11 million impact.The company's adjusted fourth-quarter profit of 1 cent a share missed the FactSet consensus estimate of 10 cents a share.Krispy Kreme also gave weaker-than-expected full-year revenue and earnings guidance. For fiscal 2025, Krispy Kreme expects revenue between $1.55 billion and $1.65 billion, and adjusted earnings between 4 cents and 8 cents a share. 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Krispy Kreme said the sale of its Insomnia Cookies stake had a $101 million impact on revenue, and the 2024 cybersecurity incident had an estimated $11 million impact. \n\n\n     The company's adjusted fourth-quarter profit of 1 cent a share missed the FactSet consensus estimate of 10 cents a share. \n\n\n     Krispy Kreme also gave weaker-than-expected full-year revenue and earnings guidance. For fiscal 2025, Krispy Kreme expects revenue between $1.55 billion and $1.65 billion, and adjusted earnings between 4 cents and 8 cents a share. Analysts surveyed by FactSet are looking for, on average, revenue of $1.76 billion and adjusted earnings of 30 cents a share. \n\n\n     -James Rogers \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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