Krispy Kreme ( NASDAQ: DNUT ) stock rose as much as 5.5% intraday after McDonald’s announced it would expand its test of the brands donuts at its restaurants.
The fast food chain said that the donuts will become available at 160 restaurants in Kentucky starting in March. The expanded test comes after a much smaller scale rollout in October 2022 .
While the previous test was confined to a small batch of Louisville-area locations, the latest rollout expands to more Louisville restaurants as well as a number of McDonald’s locations in Lexington, Kentucky. Original Glazed, Chocolate Iced with Sprinkles, and Raspberry Filled donuts will be available at the selected locations.
Shares jumped upon the announcement before retreating to a more modest gain as trading progressed.
Read more on Krispy Kreme’s recent earnings results .
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Krispy Kreme stock spikes on expanded McDonald’s test