Krispy Kreme Ends Quarterly Dividends, Pauses McDonald’s Plan
6 Articles
6 Articles
Krispy Kreme stock plunges nearly 30% as it ends dividends, pauses McDonald’s expansion
Shares of Krispy Kreme Inc. (NASDAQ: DNUT) plunged more than 28% on Thursday after the doughnut-and-coffee chain said it will no longer pay out its quarterly dividend, and that it was “reassessing” the deployment of its planned McDonald’s rollout and fell short of earnings expectations, according to Bloomberg. Krispy Kreme’s earnings missed expectations for the first quarter of 2025, with the company posting an EPS (earnings per share) of negati…
Krispy Kreme sinks after 2025 forecast withdrawn - Business North Carolina
The shares of Krispy Kreme lost almost a quarter of their value after the Charlotte-based doughnut retailer withdrew its previous full-year financial forecast, partly due to an unprofitable start for its national McDonald’s rollout. Shares closed at $3.26, down 24.7%. First quarter revenue sank 15.3% to $375.2 million, hurt by last year’s sale of a majority stake in Insomnia Cookies and a U.S. consumer pullback that offset an increasing number …
Coverage Details
Bias Distribution
- 100% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage