Krispy Kreme Inc reports results for the quarter ended March 31 - Earnings Summary

• Krispy Kreme Inc DNUT.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of eight analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -7 cents to -1 cents per share.

• Revenue fell 15.3% to $375.18 million from a year ago; analysts expected $384.38 million.

• Krispy Kreme Inc's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $33.28 million.

• Krispy Kreme Inc shares had fallen by 12.0% this quarter and lost 56.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 210% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for Krispy Kreme Inc is $9.50

This summary was machine generated from LSEG data May 8 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)