Why Doughnut Company Krispy Kreme's Shares Are Getting Battered Today
Portfolio Pulse from Shivani Kumaresan
Krispy Kreme Inc's (NASDAQ:DNUT) shares are trading lower after the company reported Q3 FY23 earnings. Sales growth was 7.9% YoY, missing the analyst consensus estimate. The company reported an operating loss for the quarter and adjusted EPS also missed the consensus. However, adjusted EBITDA increased 13.5% YoY. The company is in advanced discussions about expanding its partnership with McDonald's Corporation (NYSE:MCD).
November 09, 2023 | 4:03 pm
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POSITIVE IMPACT
McDonald's Corporation may benefit from a potential expansion of its partnership with Krispy Kreme.
The news of a potential expansion of the partnership between McDonald's and Krispy Kreme could be positive for McDonald's, as it could lead to increased business. However, the impact is not immediate and depends on the finalization of the discussions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Krispy Kreme's shares are trading lower after missing Q3 FY23 earnings estimates. The company is in talks to expand its partnership with McDonald's.
Krispy Kreme's shares are trading lower due to the company's Q3 FY23 earnings missing analyst estimates. The potential expansion of its partnership with McDonald's could provide a future boost, but the immediate impact is negative due to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100