Krispy Kreme Stock Is Getting Crushed
REUTERS
For the quarter, Krispy Kreme's profit and sales both missed expectations.
The doughnut and coffee shop also cut its full year earnings outlook. Krispy Kreme now expects to earn $0.69 to $0.74 per share, down from expectations for earnings of $0.73 to $0.79.
This is the second time in three quarters that the stock has fallen sharply following an earnings report.
In December, Krispy Kreme shares lost more than 15% after giving an full-year outlook that disappointed.
Its been a wild ride for Krispy Kreme investors since the start of 2013.
Excluding today's after hours losses, Krispy Kreme shares have roughly doubled since the start of 2013.
But since closing north of $26 in November 2013, the stock is down more than 30%.
In after hours trade, Krispy Kreme shares are trading just above $17.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market