Krispy Kreme Q2 Adj EPS $0.07, Inline, Sales $408.90M Miss $410.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Krispy Kreme (NASDAQ:DNUT) reported Q2 adjusted earnings of $0.07 per share, in line with analyst consensus. However, the company's quarterly sales of $408.90 million missed the estimated $410.83 million by 0.47%. This represents a 12.5% decrease in earnings and an 8.97% increase in sales compared to the same period last year.
August 10, 2023 | 10:46 am
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Krispy Kreme's Q2 earnings met expectations but sales missed estimates, indicating mixed financial performance.
Krispy Kreme's earnings were in line with expectations, which is positive for the stock. However, the company's sales missed estimates, which could negatively impact the stock. The net effect is likely to be neutral in the short term.
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