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Krispy Kreme Doughnuts (KKD) Sank To A New Low After Q2 Profit Fell Short

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Krispy Kreme Doughnuts (KKD) reported second quarter adjusted EPS of $0.15 after the bell Wednesday, up from $0.13 a year ago. Analysts expected EPS of $0.19. The company also reduced its full year adjusted EPS forecast to between $0.76 and $0.80, from prior expectations of $0.80 to $0.85. The consensus estimate is for EPS of $0.85.

Krispy Kreme Doughnuts gapped open sharply lower Thursday, but traded in a range for the majority of the session. Shares finished with a loss of 2.08 at $15.65 on the highest volume of the year. The stock sank to a new low for the year.

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