Krispy Kreme Inc reports results for the quarter ended in September 30 - Earnings Summary

Krispy Kreme

07/11/2024 14:42

* Krispy Kreme Inc  DNUT.OQ  reported a quarterly adjusted
loss of
1 cent​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of eight analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from -1 cents to 3 cents per share.
    * Revenue fell 6.8% to $379.87 million from a year ago;
analysts
expected $380.33 million. 
    * Krispy Kreme Inc's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $39.56
million.
    * Krispy Kreme Inc shares had risen by 15.6% this
quarter and
lost 17.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 58.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"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 $15.00 
This summary was machine generated from LSEG data November 7 at
02:41 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
 Sep. 30 2024      0.01           -0.01          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