Krispy Kreme Sees FY24 Adj. EPS $0.24-$0.28 Vs $0.27 Est; Revenue $1.650B-$1.685B Vs $1.785B Est.
Portfolio Pulse from Benzinga Newsdesk
Krispy Kreme has provided its financial outlook for FY24, projecting adjusted EPS between $0.24 and $0.28, which is below the estimated $0.27. The company also expects revenue to be in the range of $1.650 billion to $1.685 billion, falling short of the estimated $1.785 billion.
August 08, 2024 | 10:49 am
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NEGATIVE IMPACT
Krispy Kreme's FY24 financial outlook shows lower-than-expected adjusted EPS and revenue, which may negatively impact investor sentiment.
The lower-than-expected adjusted EPS and revenue projections for FY24 are likely to disappoint investors, potentially leading to a short-term decline in Krispy Kreme's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100