Krispy Kreme tumbles on annual forecast withdrawal
ReutersMay 8, 2025 11:09 AM
Shares of doughnut chain Krispy Kreme DNUT.O down 16.4% at $3.62 premarket
Company withdraws fiscal 2025 forecasts due to macroeconomic softness and uncertainty around the McDonald's deployment schedule
DNUT says its doughnuts are now available in more than 2,400 McDonald's restaurants but is reassessing the deployment schedule together with the restaurant chain
Krispy Kreme adds it does not expect to launch in any additional restaurants in Q2 2025
Q1 net sales fell 15.3% to $375.2 million, missing estimates of $384.4 million, according to data compiled by LSEG
Up to last close, stock has risen 14.4% so far this year
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