Krispy Kreme (NASDAQ: DNUT), the doughnut and coffeehouse chain, was down at the time of writing on Thursday as the company’s adjusted earnings declined year-over-year by $0.01 to $0.07 per share in the second quarter. Nevertheless, this was in line with Street estimates.
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The company’s revenues grew 9% year-over-year to $408.9 million in the second quarter but fell short of consensus estimates of $410.75 million.
Looking forward, for Fiscal Year 23, Krispy Kreme has projected net revenues in the range of $1.65 billion to $1.68 billion, while adjusted earnings are likely to be between $0.31 and $0.34 per share.
Analysts are cautiously optimistic about DNUT stock, with a Moderate Buy consensus rating based on three Buys and five Holds.