Donut Miss This: Josh Charlesworth Rises To The Top At Krispy Kreme
Portfolio Pulse from Shivani Kumaresan
Krispy Kreme Inc (NASDAQ:DNUT) has announced the appointment of Josh Charlesworth as President and CEO, effective January 1, 2024. Charlesworth, who has been with the company since 2017, will succeed Michael Tattersfield. The company also reaffirmed its full-year 2023 guidance and continues to trend toward the middle to the higher end of the revenue and adjusted EBITDA ranges. DNUT shares are trading higher by 3.05% at $13.18 in premarket on the last check Monday.
September 25, 2023 | 12:38 pm
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Josh Charlesworth's appointment as CEO of Krispy Kreme, along with the reaffirmation of the company's FY23 guidance, has led to a 3.05% increase in DNUT shares in premarket trading.
The appointment of a new CEO often leads to changes in a company's strategy, which can impact the stock price. In this case, the market has reacted positively to the news, leading to a 3.05% increase in DNUT shares. The reaffirmation of the company's FY23 guidance also provides investors with confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100