Krispy Kreme plunges to record low on annual forecast withdrawal
08/05/2025 17:54
Updates ** Shares of doughnut chain Krispy Kreme DNUT.O tumbles as much as 30.3% to $3.02, hitting their lowest levels ever ** Company withdraws fiscal 2025 forecasts due to macroeconomic softness and uncertainty around the McDonald's deployment schedule ** Stock set for its worst day on record ** DNUT says its doughnuts are now available in more than 2,400 McDonald's restaurants but is reassessing the deployment schedule together with the restaurant chain ** Krispy Kreme adds it does not expect to launch in any additional restaurants in Q2 2025 ** Q1 net sales fell 15.3% to $375.2 million, missing estimates of $384.4 million, according to data compiled by LSEG ** Up to last close, stock has risen 14.4% so far this year (Reporting by Ananya Mariam Rajesh and Savyata Mishra in Bengaluru) ((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam;))