Why Doughnut Maker Krispy Kreme Shares Are Falling Today



Krispy Kreme, Inc. (NASDAQ:DNUT) shares are trading lower in the premarket session on Tuesday.

The company reported fourth-quarter FY23 sales growth of 11.4% year over year to $450.9 million, beating the analyst consensus estimate of $438.94 million.

The company reported adjusted diluted EPS of $0.09, missing the analyst consensus of $0.13. 

Earnings were affected by increased depreciation and amortization as the company expanded the availability of doughnuts and Insomnia Cookies globally, Krispy Kreme said in a press release.

On October 3, …

Full story available on Benzinga.com


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