Krispy Kreme (NASDAQ:DNUT) Announces Quarterly Earnings Results

Krispy Kreme (NASDAQ:DNUT) released its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09), Briefing.com reports. The firm had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. 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

NASDAQ:DNUT traded down $0.69 during trading hours on Wednesday, reaching $6.45. 5,185,356 shares of the stock were exchanged, compared to its average volume of 2,160,713. Krispy Kreme has a 52 week low of $6.35 and a 52 week high of $17.84. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.10 billion, a P/E ratio of 38.05, a P/E/G ratio of 3.24 and a beta of 1.34. The firm has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $10.40.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a dividend yield of 2.17%. Krispy Kreme’s dividend payout ratio is presently 82.35%.

Analysts Set New Price Targets

DNUT has been the topic of several recent research reports. Piper Sandler lowered their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and cut 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 objective (down previously from $15.00) on shares of Krispy Kreme in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Krispy Kreme has a consensus rating of “Moderate Buy” and an average target price of $13.13.

Krispy Kreme Company Profile

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.