Krispy Kreme reports first quarterly profit since going public


Krispy Kreme on Tuesday reported its first quarterly profit since going public again but fell short of Wall Street’s expectations for its earnings.

Shares of the doughnut company rose nearly 2% in premarket trading. Since its initial public offering in July, the stock has struggled, falling 33%.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 8 cents adjusted vs. 9 cents expected
  • Revenue: $371 million vs. $364 million expected

Krispy Kreme reported fourth-quarter net income of $4.3 million, or 1 cent per share. A year ago, its quarterly net income was not meaningful, according to the company’s…

Source cnbc.com

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