Krispy Kreme Seen Getting a Boost From McDonald's Partnership, FX -- Market Talk

Dow Jones2023-03-22

0801 ET - Krispy Kreme's stock price could be sweetening up this year as the company benefits from the continued reopening of offices, easing pressure from the US dollar and the company's recently expanded partnership with McDonald's, according to analysts at Truist. Thirty percent of Krispy Kreme's sales come from international markets, which sets the company up to benefit as the US dollar normalizes after surging last year. The analysts also say the company's deal to sell donuts at McDonald's locations is underappreciated and could help revitalize the brand. They upgrade to buy with a $20 price target. Shares rise 3% premarket to $14.85. (will.feuer@wsj.com; @WillFOIA)

(END) Dow Jones Newswires

March 22, 2023 08:01 ET (12:01 GMT)

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