$DNUT Shares Creamed After Results
Multinational doughnut and coffee chain Krispy Kreme saw its shares plummet after reporting second-quarter results.
The company’s adjusted earnings per share of $0.07 matched estimates. However, total revenue of $408.9 million (+9% YoY) came in just shy of consensus expectations. In terms of segments, U.S. revenue grew 9.3%, international rose 4.8%, and e-commerce jumped 18% YoY. 🔺