Krispy Kreme Re-Affirms Its Previous 2023 Guidance ; Net Revenue Of $1.65B-$1.68B, Est. $1.69B; Adjusted EPS Of $0.31-$0.34, Est. $0.33
Portfolio Pulse from Benzinga Newsdesk
Krispy Kreme has re-affirmed its previous 2023 guidance, expecting a net revenue of $1.65B-$1.68B, slightly below the estimated $1.69B. The company also anticipates an adjusted EPS of $0.31-$0.34, which aligns with the estimated $0.33.
August 10, 2023 | 10:50 am
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NEGATIVE IMPACT
Krispy Kreme's re-affirmation of its 2023 guidance may have a neutral to slightly negative impact on its stock, as the projected revenue is slightly below estimates.
Krispy Kreme's re-affirmation of its 2023 guidance indicates that the company is confident in its future performance. However, the projected revenue is slightly below the estimated $1.69B, which could potentially lead to a slight decrease in the stock price. The projected EPS is in line with estimates, which may offset some of the potential negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100