Why Krispy Kreme Stock Plunged This Week
Shares of donut giant Krispy Kreme (NASDAQ: DNUT) fell 32.2% this week through Thursday trading, according to data from S&P Global Market Intelligence.
The donut slinger reported fourth-quarter earnings this week, and investors were clearly left wanting. A reported cyberattack and cautious 2025 guidance didn't help matters, either.
In the fourth quarter, Krispy Kreme saw revenue of $404 million, down 10.4% from the prior-year quarter, while adjusted non-GAAP (generally accepted accounting principles) earnings per share sank 89% to $0.01. Both figures missed analyst expectations.
Source Fool.com
