Why Krispy Kreme Plunged 24% This Week
Shares of Krispy Kreme (NASDAQ: DNUT) plunged 24.4% this week through Thursday, according to data from S&P Global Market Intelligence.Krispy Kreme delivered a first-quarter earnings report that fell well short of expectations. Even though a decline in revenue was expected, due to a divestiture last year, Krispy Kreme's revenue came in even worse as the company continued to invest in expansion.As a result, profits reversed to losses, forcing management to take on more debt and cut the company's dividend.Continue reading
Shares of Krispy Kreme (NASDAQ: DNUT) plunged 24.4% this week through Thursday, according to data from S&P Global Market Intelligence.
Krispy Kreme delivered a first-quarter earnings report that fell well short of expectations. Even though a decline in revenue was expected, due to a divestiture last year, Krispy Kreme's revenue came in even worse as the company continued to invest in expansion.
As a result, profits reversed to losses, forcing management to take on more debt and cut the company's dividend.
