Krispy Kreme says cybersecurity incident is impacting online orders in US

Reuters12-11
Krispy Kreme says cybersecurity incident is impacting online orders in US

Dec 11 (Reuters) - Doughnut chain Krispy Kreme DNUT.O said on Wednesday that unauthorized activity on a portion of its information technology systems has disrupted certain operations, including online ordering in the United States.

Shares of the company were down about 2% in premarket trading.

After being notified of the incident on Nov. 29, the company has initiated an investigation and is working with external cybersecurity experts to mitigate the impact, it said in a regulatory filing.

Krispy Kreme said the expected costs related to the incident, including the loss of revenue from digital sales, are "reasonably likely to have a material impact" on its results of operations.

The company's shops globally are open and consumers are able to place in-person orders, it said.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Shilpi Majumdar)

((Neil.JKanatt@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment