Why Krispy Kreme Shares Are "Hot Now"

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.

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Source Fool.com