Krispy Kreme Stock On Pace for Record Low After Earnings Disappoint -- Barrons.com

Dow Jones
25 Feb

By Mackenzie Tatananni

Krispy Kreme stock plummeted Tuesday, heading for an all-time low, after the doughnut chain reported a dramatic fourth-quarter earnings miss and issued weak full-year guidance.

Shares of the doughnut chain plunged 25% to $6.81, on track for the largest same-day percentage decrease on record, according to Dow Jones Market Data.

The sharp decline came after Krispy Kreme reported underwhelming fourth-quarter results. Revenue declined more than 10% from the prior year to $404 million, missing analysts' calls for $414 million, according to FactSet. Adjusted earnings of one cent a share fell below Wall Street's forecast for 10 cents a share.

The company's 2025 guidance also failed to impress. Krispy Kreme said it expects revenue in the range of $1.55 billion to $1.65 billion; analysts surveyed by FactSet were expecting $1.77 billion. Adjusted earnings between four and eight cents a share were also below analysts' calls for 30 cents at the midpoint.

The company said the sale of its majority ownership stake in Insomnia Cookies had a $101 million impact on full-year revenue.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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

 

(END) Dow Jones Newswires

February 25, 2025 09:47 ET (14:47 GMT)

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