Krispy Kreme Q2: 9% Revenue Growth, Inline EPS, Reaffirmed FY23 Outlook & More
Portfolio Pulse from Shivani Kumaresan
Krispy Kreme Inc (NASDAQ:DNUT) reported Q2 FY23 sales growth of 9% year-on-year to $408.88 million, missing the analyst consensus of $410.83 million. The company reaffirmed its FY23 outlook, expecting sales of $1.65 billion - $1.68 billion and adjusted EPS of $0.31 - $0.34. DNUT shares closed higher by 0.14% at $14.40 on Wednesday.
August 10, 2023 | 1:13 pm
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Krispy Kreme's Q2 FY23 sales growth of 9% missed analyst expectations, but the company reaffirmed its FY23 outlook. DNUT shares closed higher.
Despite missing Q2 sales expectations, Krispy Kreme's reaffirmation of its FY23 outlook may have reassured investors, leading to a slight increase in DNUT shares. However, the missed sales target could also indicate potential challenges, making the short-term impact neutral.
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IMPORTANCE 75
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