Why Krispy Kreme's Stock Is Tanking Today
Shares of the iconic donut and coffee maker Krispy Kreme (NASDAQ: DNUT) had declined by about 24% as of 11:07 a.m. ET today after the company reported disappointing fourth-quarter earnings and fiscal 2025 guidance.There wasn't a whole lot to like in Krispy Kreme's earnings, which missed on the top and bottom lines and disappointed on 2025 guidance. Adjusted earnings of a penny missed consensus Wall Street estimates of $0.10, while revenue of $404 million also missed consensus estimate of $414 million, according to FactSet. For the fiscal year 2025, the company guided for revenue of $1.55 billion to $1.65 billion and adjusted earnings per share of $0.04 to $0.08, once again coming up short of consensus.During the quarter, Krispy Kreme reported organic revenue growth of about 2% year over year. The company also dealt with a cybersecurity incident that impacted online ordering and resulted in a revenue hit of $11 million as well as $3 million of remediation expenses. The company's decision to sell a majority stake in Insomnia Cookies also resulted in a $101 million impact to revenue.Continue reading
Shares of the iconic donut and coffee maker Krispy Kreme (NASDAQ: DNUT) had declined by about 24% as of 11:07 a.m. ET today after the company reported disappointing fourth-quarter earnings and fiscal 2025 guidance.
There wasn't a whole lot to like in Krispy Kreme's earnings, which missed on the top and bottom lines and disappointed on 2025 guidance. Adjusted earnings of a penny missed consensus Wall Street estimates of $0.10, while revenue of $404 million also missed consensus estimate of $414 million, according to FactSet. For the fiscal year 2025, the company guided for revenue of $1.55 billion to $1.65 billion and adjusted earnings per share of $0.04 to $0.08, once again coming up short of consensus.
During the quarter, Krispy Kreme reported organic revenue growth of about 2% year over year. The company also dealt with a cybersecurity incident that impacted online ordering and resulted in a revenue hit of $11 million as well as $3 million of remediation expenses. The company's decision to sell a majority stake in Insomnia Cookies also resulted in a $101 million impact to revenue.
