Krispy Kreme reports Q1 adjusted EPS (5c), consensus (5c)

Reports Q1 revenue $375.2M, consensus $384.38M. “Our ability to become a bigger Krispy Kreme (DNUT) requires that we become better, and we are taking swift and decisive action to pay down debt, de-leverage the balance sheet and drive sustainable, profitable growth,” said Krispy Kreme CEO, Josh Charlesworth. “While we expect the macro environment to remain challenging, we are focused on positive cash flow, higher returns on capital, and our two biggest opportunities: profitable U.S. expansion and capital-light international franchise growth.”