Krispy Kreme Expects FY24 Adjusted Diluted EPS $0.27-$0.31 Vs. $0.38 Estimate, Projects FY24 Net Revenue Growth 5%-7% And Adjusted EBITDA Growth 8%-11%
Portfolio Pulse from Benzinga Newsdesk
Krispy Kreme has projected its FY24 adjusted diluted EPS to be between $0.27 and $0.31, below the $0.38 estimate. The company expects net revenue growth of 5%-7% and adjusted EBITDA growth of 8%-11% for FY24. Additionally, Krispy Kreme is exploring strategic alternatives for Insomnia Cookies, with the FY24 guidance including operations from Insomnia Cookies.
February 13, 2024 | 12:23 pm
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Krispy Kreme's FY24 EPS projection is below the estimated $0.38, with expected revenue growth of 5%-7% and EBITDA growth of 8%-11%. The company is also exploring strategic alternatives for Insomnia Cookies.
The projected EPS for FY24 being below estimates suggests potential concerns about profitability, which could negatively impact investor sentiment and the stock price in the short term. The exploration of strategic alternatives for Insomnia Cookies indicates a significant business decision that could affect the company's future operations and financial health.
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