Krispy Kreme (NASDAQ:DNUT) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Krispy Kreme (NASDAQ:DNUT) announced its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09), Briefing.com reports. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. Krispy Kreme updated its FY 2025 guidance to 0.040-0.080 EPS and its FY25 guidance to $0.04-0.08 EPS.

Krispy Kreme Stock Performance

NASDAQ:DNUT traded down $0.87 during mid-day trading on Wednesday, hitting $6.26. The company’s stock had a trading volume of 8,366,666 shares, compared to its average volume of 2,208,611. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. Krispy Kreme has a 1 year low of $6.26 and a 1 year high of $17.84. The business’s fifty day moving average is $9.11 and its two-hundred day moving average is $10.40. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 3.24 and a beta of 1.34.

Krispy Kreme Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a dividend yield of 2.24%. Krispy Kreme’s dividend payout ratio (DPR) is currently 82.35%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $12.00 to $6.00 in a research report on Wednesday. Truist Financial reissued a “buy” rating and set a $12.00 price objective (down previously from $15.00) on shares of Krispy Kreme in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Finally, Piper Sandler cut their price objective on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Krispy Kreme has a consensus rating of “Moderate Buy” and a consensus price target of $13.13.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.