How To Earn $500 A Month From Krispy Kreme Stock After Q3 Earnings Report
Portfolio Pulse from Lisa Levin
Krispy Kreme Inc (NASDAQ:DNUT) reported Q3 FY23 sales growth of 7.9% YoY to $407.37 million, missing the analyst consensus estimate of $413.93 million. Adjusted EPS of three cents also missed the consensus of six cents. The company continues to see FY23 adjusted EPS of 31 to 34 cents, versus the Street view of 32 cents. The company offers an annual dividend yield of 1.11%, which is a quarterly dividend amount of 3.5 cents per share. Shares of Krispy Kreme fell 6.6% to close at $12.56 on Thursday.
November 10, 2023 | 1:44 pm
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Krispy Kreme's Q3 FY23 sales and EPS missed estimates, which may have contributed to the 6.6% drop in its stock price. The company's dividend yield is 1.11%.
Krispy Kreme's lower-than-expected Q3 FY23 sales and EPS likely disappointed investors, leading to a drop in its stock price. However, the company's dividend yield may still attract income-focused investors.
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