Krispy Kreme shares up 2.4% in pre-conference trading, recovering from yesterday’s record low, as the donut sales company announced quarterly earnings and earnings that exceeded estimates and confirmed estimates for the year as a whole. .
The company posted a net profit of $ 4 million, or 2 cents a share, compared with a loss of $ 3.1 million, or 3 cents a share, a year ago.
Excluding extraordinary items, adjusted earnings per share stood at 8 cents, compared to estimates for 7 cents.
Revenue rose 15.8% to $ 372.5 million, compared with estimates for $ 368.8 million, while revenue in the US rose 13.8% to $ 253.1 million.
For 2022, the company confirmed estimates for earnings per share at 38-41 cents and revenue of $ 1.53-1.56 billion.
Source: Capital
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