MCD - Why Doughnut Company Krispy Kreme's Shares Are Getting Battered Today | Benzinga
Krispy Kreme Inc (NASDAQ: DNUT) shares are trading lower after the company delivered third-quarter FY23 earnings.
DNUT reported third-quarter FY23 sales growth of 7.9% year-on-year to $407.37 million, missing the analyst consensus estimate of $413.93 million.
Organic revenue growth of 9.6%, led by the U.S., which delivered 10.2% organic growth driven by growth across all sales channels, including Delivered Fresh Daily (DFD) doors, Doughnut Shops and Cookie Bakeries, and Ecommerce.
Revenue in the U.S. segment climbed 5.4% Y/Y to $260.2 million, the International segment grew 15.4% ...