Krispy Kreme (NASDAQ:DNUT) Issues Quarterly Earnings Results

Krispy Kreme (NASDAQ:DNUT) posted its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09), Briefing.com reports. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. During the same period last year, the company posted $0.09 earnings per share. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Krispy Kreme updated its FY 2025 guidance to 0.040-0.080 EPS and its FY25 guidance to $0.04-0.08 EPS.

Krispy Kreme Stock Performance

Shares of Krispy Kreme stock traded down $0.63 during trading hours on Wednesday, reaching $6.51. The company had a trading volume of 5,011,223 shares, compared to its average volume of 2,160,713. The business has a fifty day simple moving average of $9.11 and a 200 day simple moving average of $10.40. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a market cap of $1.11 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 3.24 and a beta of 1.34. Krispy Kreme has a one year low of $6.35 and a one year high of $17.84.

Krispy Kreme Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio (DPR) is currently 82.35%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $12.00 to $6.00 in a report on Wednesday. Truist Financial reiterated a “buy” rating and set a $12.00 price target (down previously from $15.00) on shares of Krispy Kreme in a report on Wednesday. Piper Sandler decreased their target price on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Krispy Kreme currently has an average rating of “Moderate Buy” and a consensus target price of $13.13.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.