Reported 1 day ago
Krispy Kreme's stock plummeted to an all-time low after the company reported disappointing earnings, including a 10.4% drop in revenue for the fiscal fourth quarter and continued challenges from a recent cybersecurity incident. CEO Josh Charlesworth is urging investors to focus on long-term growth as the company plans to expand its distribution partnerships, including a significant collaboration with McDonald's. However, ongoing inflation and mixed retail performance may hinder a quick recovery for the stock.
Source: YAHOO