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It's another day on Wall Street and stocks are still moving! Seana Smith and Brad Smith tackle the day's biggest market stories and speak to Wall Street experts in this installment of the Morning Brief.
Shares of the iconic donut and coffee maker Krispy Kreme (DNUT -23.27%) 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.
While the top- and bottom-line numbers for Krispy Kreme (DNUT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shares of Krispy Kreme (DNUT) sank more than 20% Tuesday to trade at an all-time low as the donut maker posted worse-than-expected results and guidance as it was hit with a cyberattack and continued its restructuring efforts.
On Tuesday, doughnut maker Krispy Kreme Inc. DNUT stock traded lower after it reported worse-than-expected fourth-quarter earnings.
The stock plummets after fourth-quarter results and full-year guidance disappoint.
Krispy Kreme reported fourth-quarter results before market open.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the fourth quarter and full year ended December 29, 2024. Fourth Quarter Highlights (vs Q4 2023) Net revenue of $404.0 million Organic revenue(1) grew 1.8%, to $400.6 million, and was impacted adversely by an estimated 280 basis points from lost revenue linked to the 2024 Cybersecurity Incident GAAP net loss of $22.2 million Adjusted EBITDA(1) of $45.
Krispy Kreme shares are undervalued, with significant growth potential from a new partnership with McDonald's, expanding access points from 19.6% to 33% in 2.5 years. Despite disappointing Q3 results, DNUT's organic revenue growth and a GAAP net income of $37.6 million highlight the core business's resilience. The McDonald's partnership is a game-changer, expected to add 15,000 access points and significantly boost revenue and adjusted EBITDA by 2026.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Movie and doughnut fans can press “play” on flavor thanks to a one-of-a-kind collaboration between Krispy Kreme® and Hulu that's bringing home four all-new doughnuts inspired by the cinema snack bar. Available for a limited time beginning Feb. 17, the Krispy Kreme x Hulu: Movie Snacks Doughnuts are perfectly cast to provide all the “snack-tion” of theater favorites like popcorn and slushies when you're streaming a movie at home. These new doughnuts make watchin.