Krispy Kreme Q4 Adj. EPS $0.09 Misses $0.13 Estimate, Sales $450.90M Beat $438.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Krispy Kreme (DNUT) reported Q4 adjusted earnings of $0.09 per share, missing the $0.13 estimate, a decrease of 18.18% from last year. However, sales of $450.90M exceeded estimates by 2.78%, marking an 11.44% increase from the previous year.
February 13, 2024 | 12:19 pm
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Krispy Kreme's Q4 earnings missed estimates at $0.09/share, a decrease from last year, but sales exceeded expectations at $450.90M, showing growth.
The missed earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the beat on sales estimates and year-over-year sales growth may counterbalance the negative impact of the earnings miss, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100