Krispy Kreme (NASDAQ:DNUT) Updates FY25 Earnings Guidance

Krispy Kreme (NASDAQ:DNUT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.04-0.08 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $1.55-1.65 billion, compared to the consensus revenue estimate of $1.76 billion. Krispy Kreme also updated its FY 2025 guidance to 0.040-0.080 EPS.

Krispy Kreme Stock Performance

Shares of DNUT traded down $0.53 during trading hours on Wednesday, reaching $6.60. 2,378,108 shares of the company’s stock traded hands, compared to its average volume of 2,089,154. The business’s fifty day simple moving average is $9.11 and its two-hundred day simple moving average is $10.40. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 3.24 and a beta of 1.34. Krispy Kreme has a twelve month low of $6.35 and a twelve month high of $17.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Analysts predict that Krispy Kreme will post 0.07 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 2.12%. Krispy Kreme’s payout ratio is presently 82.35%.

Analyst Ratings Changes

A number of equities analysts recently commented on DNUT shares. Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $12.00 to $6.00 in a research note on Wednesday. Truist Financial reissued a “buy” rating and set a $12.00 price target (down from $15.00) on shares of Krispy Kreme in a research report on Wednesday. Piper Sandler decreased their price objective on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company 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 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.