DNUT Stock Recent News

CHARLOTTE, N.C.--(BUSINESS WIRE)--With a record 38.4 million Americans expected to hit the road over the Memorial Day weekend, Krispy Kreme® is sweetening both journey and destination by offering a dozen Original Glazed® Doughnuts for just $3.84 with the purchase of any dozen at regular price, Friday through Monday, May 24-27. AAA projects 38.4 million people will travel by car at least 50 miles over Memorial Day weekend, the highest number for the holiday since AAA began tracking in 2000. “38.

Examine Krispy Kreme's (DNUT) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

While the top- and bottom-line numbers for Krispy Kreme (DNUT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Krispy Kreme (DNUT) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.09 per share a year ago.

Get a deeper insight into the potential performance of Krispy Kreme (DNUT) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Krispy Kreme (DNUT) shares slid 6.6% on Monday, continuing their recent fall after soaring nearly 40% in late March on news McDonald's (MCD) plans to sell the company's donuts at its restaurants nationwide by the end of 2026, increasing the possibility of a “fill the gap” event on the stock's chart.

Krispy Kreme Inc. NASDAQ: DNUT is world famous for its glazed donuts which can be purchased fresh through its store locations or grocery stores and kiosks. Shares of the retail/wholesale sector company skyrocketed 39% higher on news of its sweet partnership with fast food giant McDonald's Co. NYSE: MCD.

Piper Sandler analyst Brian Mullan upgraded Krispy Kreme stock to Overweight from Neutral, and lifted the target price to $20 from $14.

Krispy Kreme's stock soared 18% in March 2024, fueled by a nationwide collaboration with McDonald's. The partnership, scaling from a nine-store test in Louisville to over 13,500 McDonald's locations, aims for complete rollout over the next two years.

McDonald's (MCD) and Krispy Kreme (DNUT) announced on Tuesday that their national partnership will expand. Krispy Kreme began selling donuts at McDonald's locations in 2022, with a nationwide rollout slated for 2026.