Shares of Krispy Kreme (NASDAQ: DNUT) were sharply lower Wednesday morning, tumbling as much as 14.9%. As of 2:25 p.m. ET, the stock was still down 11.8%.
The catalyst that sent the donut maker lower was the company's financial report, which left investors with empty stomachs.
Krispy Kreme generated second-quarter revenue of $375.2 million, up 7.5% year over year, though a strong dollar negatively affected the top line. Excluding the headwinds resulting from foreign currency translation, revenue was up 10%.
For further details see:
Why Krispy Kreme Stock Tumbled on Wednesday Morning