Krispy Kreme (DNUT) shares were down 20% in recent Thursday trading after the company reported a Q1 adjusted loss and withdrew its full-year outlook.
The company reported a Q1 adjusted net loss of $0.05 per diluted share, compared to earnings of $0.07 a year earlier.
Analysts polled by FactSet expected an adjusted net loss of $0.05.
Net revenue for the quarter ended March 30 was $375.2 million, down from $442.7 million a year earlier.
Analysts expected $384.4 million.
For Q2, the company said it is expecting net revenue of $370 million to $385 million. Analysts are looking for $393.9 million.
Krispy Kreme withdrew its full-year 2025 outlook, citing macroeconomic softness and the uncertainty around its McDonald's (MCD) deployment schedule.
Price: 3.45, Change: -0.89, Percent Change: -20.44
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