Why Krispy Kreme Shares Are Falling
Portfolio Pulse from Erica Kollmann
Krispy Kreme, Inc. (NASDAQ:DNUT) shares are trading lower after the company reported lower-than-expected Q2 financial results. The company reported earnings of 7 cents per share and sales of $408.88 million, missing the analyst consensus estimate of $410.83 million. Despite the miss, the company's CEO expressed satisfaction with the results and the company's expansion strategy.
August 10, 2023 | 4:33 pm
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Krispy Kreme's shares are trading lower due to lower-than-expected Q2 results. However, the company's CEO remains positive about its expansion strategy.
Krispy Kreme's shares are trading lower due to the company's Q2 results missing analyst expectations. This is a direct impact on the company's stock price. However, the CEO's positive comments about the company's expansion strategy could potentially mitigate some of the negative impact in the future.
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