Krispy Kreme (DNUT) Set to Announce Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Krispy Kreme to post earnings of $0.00 per share for the quarter. Krispy Kreme has set its FY 2024 guidance at 0.240-0.280 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $438.80 million for the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. On average, analysts expect Krispy Kreme to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Krispy Kreme Stock Performance

Shares of NASDAQ:DNUT opened at $11.20 on Thursday. The firm has a 50 day moving average of $11.30 and a 200 day moving average of $11.33. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -37.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. Krispy Kreme has a 52 week low of $9.18 and a 52 week high of $17.84.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, October 23rd. Krispy Kreme’s payout ratio is -46.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DNUT shares. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, July 23rd. Evercore ISI reaffirmed an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Finally, Bank of America boosted their target price on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Krispy Kreme has a consensus rating of “Moderate Buy” and a consensus target price of $15.88.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.