Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Krispy Kreme Shares Are "Hot Now"

TheMotleyFool

0 0

Krispy Kreme (NASDAQ: DNUT) put out some mouth-watering third-quarter results for investors last night. As a result, shares jumped more than 14% in early trading today. As of 12:45 p.m. EST on Wednesday, the stock had pared those gains, but remained up 5.3%.

The popular doughnut maker said net revenue jumped 18% compared to the prior-year period. Excluding its now-exited wholesale business, organic revenue grew 14% over the pandemic-boosted year-ago quarter, and 22% above the same period in 2019. The company also generated positive free cash flow, and improved its net loss under generally accepted accounting principles (GAAP) to just $3.8 million. On an adjusted basis, Krispy Kreme reported $12.6 million in net income.

Source Fool.com

Like: 0

DNUT

Share