Krispy Kreme Inc reports results for the quarter ended in September 30 - Earnings Summary

• Krispy Kreme Inc DNUT.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of eight analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -1 cents to 3 cents per share.

• Revenue fell 6.8% to $379.87 million from a year ago; analysts expected $380.33 million.

• Krispy Kreme Inc's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $39.56 million.

• Krispy Kreme Inc shares had risen by 15.6% this quarter and lost 17.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 58.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the restaurants & bars peer group is also "buy"

Wall Street's median 12-month price target for Krispy Kreme Inc is $15.00

This summary was machine generated from LSEG data November 7 at 02:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)