Krispy Kreme (DNUT) Misses Q2 EPS by 2c; Offers FY22 Guidance
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Krispy Kreme (DNUT) Tumbles as Earnings, Revenue and Guidance Disappoints
August 17, 2022 9:57 AM EDTShares of Krispy Kreme (NASDAQ: DNUT) fell 12% at the open Wednesday after the company reported earnings, missing analyst expectations.
Krispy Kreme posted second-quarter earnings of $0.08, $0.02 worse than the analyst estimate of $0.10, while revenue for the quarter came in at $375.2 million below the consensus estimate of $385.32 million.
The company said it faced "unique economic pressures" during the quarter, with headwinds including increased labor and commodity cost and an approximately $2.7 million negative impact from FX, primarily the strength of the U.S. dollar.
"In the second quarter consumers faced unique... More
