Krispy Kreme Inc reports results for the quarter ended June 30 - Earnings Summary

• Krispy Kreme Inc DNUT.OQ reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of eight analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -6 cents to 1 cents per share.

• Revenue fell 13.5% to $379.77 million from a year ago; analysts expected $378.12 million.

• Krispy Kreme Inc's reported EPS for the quarter was a loss of $2.55​.

• The company reported a quarterly loss of $435.26 million.

• Krispy Kreme Inc shares had risen by 17.5% this quarter and lost 65.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 287% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is "buy."

• Wall Street's median 12-month price target for Krispy Kreme Inc is $5.27, about 35.1% above its last closing price of $3.42

This summary was machine generated from LSEG data August 7 at 04:39 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)