Krispy Kreme Inc reports results for the quarter ended in June - Earnings Summary

Krispy Kreme

08/08/2024 14:52

* Krispy Kreme Inc  DNUT.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 7
cents.  The mean expectation of six analysts for the quarter was
for earnings of 5 cents per share. Wall Street expected
results to range from 4 cents to 6 cents per share.
    * Revenue rose 7.3% to $438.81 million from a year ago;
analysts
expected $435.49 million. 
    * Krispy Kreme Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $5.49 million.
    * Krispy Kreme Inc shares had fallen by 14.5% this
quarter and
lost 39.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "buy"

Wall Street's median 12-month price target for Krispy Kreme Inc
is $16.00 
This summary was machine generated from LSEG data August 8 at
01:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.05           0.05           Met
 Mar. 31 2024      0.06           0.07           Beat
 Dec. 31 2023      0.13           0.09           Missed
 Sep. 30 2023      0.06           0.03           Missed