Krispy Kreme (DNUT) Set to Announce Quarterly Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) will be posting its quarterly earnings results 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.Investors that wish to register for the company’s conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The firm had revenue of $438.80 million during the quarter, compared to analysts’ expectations of $435.43 million. During the same period in the prior year, the business posted $0.04 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. 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 Price Performance

DNUT opened at $12.21 on Wednesday. The firm has a market capitalization of $2.07 billion, a PE ratio of -40.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.39. The business’s 50-day moving average is $11.35 and its two-hundred day moving average is $11.26. Krispy Kreme has a 1 year low of $9.18 and a 1 year high of $17.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.34 and a quick ratio of 0.26.

Krispy Kreme Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, October 23rd. Krispy Kreme’s payout ratio is currently -46.67%.

Analyst Ratings Changes

Several brokerages have weighed in on DNUT. Hsbc Global Res upgraded shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. HSBC raised Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, July 23rd. Evercore ISI reaffirmed an “in-line” rating and set a $13.00 target price on shares of Krispy Kreme in a research report on Tuesday, August 27th. Morgan Stanley began coverage on shares of Krispy Kreme in a report on Tuesday. They set an “equal weight” rating and a $14.00 price objective on the stock. Finally, Bank of America raised their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

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.