Krispy Kreme Q3 Adj. EPS $0.03 Misses $0.05 Estimate, Sales $407.40M Miss $413.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Krispy Kreme's Q3 adjusted earnings per share of $0.03 missed the analyst consensus estimate of $0.05 by 40 percent. The company's quarterly sales of $407.40 million also missed the analyst consensus estimate of $413.54 million by 1.48 percent. However, this represents a 7.91 percent increase over sales of $377.52 million the same period last year.
November 09, 2023 | 11:47 am
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NEGATIVE IMPACT
Krispy Kreme's Q3 earnings and sales missed analyst estimates, which could negatively impact the company's stock in the short term.
Krispy Kreme's Q3 earnings and sales fell short of analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the company's stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100