Krispy Kreme plunges to record low on annual forecast withdrawal
ReutersMay 8, 2025 4:54 PM
Shares of doughnut chain Krispy Kreme DNUT.O tumbles as much as 30.3% to $3.02, hitting their lowest levels ever
Company withdraws fiscal 2025 forecasts due to macroeconomic softness and uncertainty around the McDonald's deployment schedule
*Stock set for its worst day on record
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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