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INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Krispy Kreme
Prnewswire· 2025-06-15 14:25
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Krispy Kreme, Inc. due to allegations of misleading statements and a significant decline in financial performance, particularly related to its partnership with McDonald's [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $100,000 in Krispy Kreme between February 25, 2025, and May 7, 2025, to contact them for legal options [1]. - A federal securities class action has been filed against Krispy Kreme, with a deadline of July 15, 2025, for investors to seek the role of lead plaintiff [2][6]. Group 2: Financial Performance - Krispy Kreme reported net revenue of $375.2 million for Q1 2025, reflecting a decline of 15.3% compared to the previous year [5]. - The company also reported a net loss of $33.4 million for Q1 2025, compared to a net loss of $6.7 million in the prior year [5]. - Following the release of these financial results, Krispy Kreme's share price fell by 24.71%, or $1.07 per share, closing at $3.26 on May 8, 2025 [5]. Group 3: Allegations Against Krispy Kreme - The complaint alleges that Krispy Kreme and its executives made false or misleading statements regarding the demand for its products at McDonald's locations, which significantly declined after the initial marketing launch [4]. - It is claimed that the partnership with McDonald's was not profitable and posed substantial risks to maintaining the partnership, leading to a pause in expansion plans [4].
DNUT INVESTOR ALERT: Kirby McInerney LLP Notifies Krispy Kreme, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit
GlobeNewswire News Room· 2025-06-14 00:00
Core Viewpoint - Krispy Kreme, Inc. is facing a federal securities class action due to significant declines in revenue and profitability, particularly related to its partnership with McDonald's, which has led to a reassessment of its business strategy and outlook [1][4][5]. Financial Performance - For the first quarter of 2025, Krispy Kreme reported net revenue of $375.2 million, reflecting a decline of 15.3% compared to the previous year [4]. - The company experienced a net loss of $33.4 million, a significant increase from a net loss of $6.7 million in the prior year [4]. Partnership with McDonald's - Krispy Kreme began a test to offer donuts at McDonald's locations in October 2022, which expanded to a nationwide partnership announced in March 2024 [3]. - Following disappointing sales at McDonald's locations, Krispy Kreme is reassessing its deployment schedule and has withdrawn its full-year outlook due to uncertainties surrounding the partnership [4][5]. Legal Action - A class action lawsuit has been filed on behalf of investors who acquired Krispy Kreme securities between February 25, 2025, and May 7, 2025, with a deadline of July 15, 2025, to seek lead plaintiff status [1]. - The complaint alleges that the company failed to disclose material declines in demand for its products at McDonald's, which negatively impacted sales and profitability [5].
Levi & Korsinsky Reminds Krispy Kreme, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 15, 2025 – DNUT
GlobeNewswire News Room· 2025-06-13 17:34
Core Viewpoint - A class action securities lawsuit has been filed against Krispy Kreme, Inc. due to alleged securities fraud affecting investors between February 25, 2025, and May 7, 2025 [1][2] Group 1: Allegations of the Lawsuit - The lawsuit claims that demand for Krispy Kreme products significantly declined at McDonald's locations following the initial marketing launch [2] - It is alleged that the decline in demand at McDonald's contributed to decreasing average sales per door per week [2] - The partnership with McDonald's is claimed to be unprofitable, posing a substantial risk to its continuation [2] - As a result of these issues, the company is said to have paused its expansion into new McDonald's locations [2] - The defendants' positive statements regarding the company's business and prospects are alleged to be materially misleading and lacking a reasonable basis [2] Group 2: Next Steps for Affected Investors - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Krispy Kreme, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DNUT
GlobeNewswire News Room· 2025-06-13 15:52
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Krispy Kreme, Inc. securities between February 25, 2025, and May 7, 2025, of the July 15, 2025, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - A class action lawsuit has been filed against Krispy Kreme, and investors can join without any out-of-pocket fees through a contingency fee arrangement [1][2] - The lead plaintiff must file a motion with the Court by July 15, 2025, to represent other class members [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3] Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Krispy Kreme made false and misleading statements regarding the demand for its products at McDonald's locations, which declined significantly after the initial marketing launch [4] - It is claimed that the partnership with McDonald's was not profitable, leading to a pause in expansion into new locations and materially misleading statements about Krispy Kreme's business prospects [4]
Levi & Korsinsky Notifies Shareholders of Krispy Kreme, Inc.(DNUT) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-06-13 09:45
NEW YORK, June 13, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Krispy Kreme, Inc. ("Krispy Kreme, Inc." or the "Company") (NASDAQ: DNUT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Krispy Kreme, Inc. investors who were adversely affected by alleged securities fraud between February 25, 2025 and May 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/krispy-krem ...
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Krispy Kreme
GlobeNewswire News Room· 2025-06-12 21:03
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Krispy Kreme, Inc. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by July 15, 2025 [3][5]. Group 1: Allegations Against Krispy Kreme - The complaint alleges that Krispy Kreme and its executives made false or misleading statements regarding the demand for Krispy Kreme products at McDonald's locations, which declined significantly after the initial marketing launch [5]. - It is claimed that the declining demand at McDonald's was a key factor in the drop in average sales per door per week, and that the partnership with McDonald's was not profitable [5]. - The allegations suggest that these issues posed a substantial risk to maintaining the partnership with McDonald's, leading to a pause in expansion into new locations [5]. Group 2: Financial Performance - On May 8, 2025, Krispy Kreme reported first quarter 2025 financial results, revealing net revenue of $375.2 million, a decline of 15.3% compared to the previous year, and a net loss of $33.4 million, compared to a net loss of $6.7 million in the prior year [6]. - The company announced it is reassessing its deployment schedule with McDonald's and withdrawing its prior full-year outlook due to uncertainty surrounding the partnership [6]. - Following the financial results announcement, Krispy Kreme's share price fell by 24.71%, or $1.07 per share, closing at $3.26 on May 8, 2025, amid unusually heavy trading volume [6]. Group 3: Legal Proceedings - The lead plaintiff in the class action lawsuit will be the investor with the largest financial interest who is adequate and typical of class members, overseeing the litigation on behalf of the class [7]. - Any member of the putative class can move the court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [7]. - Faruqi & Faruqi encourages anyone with information regarding Krispy Kreme's conduct to contact the firm, including whistleblowers and former employees [8].
Investors in Krispy Kreme, Inc. Should Contact The Gross Law Firm Before July 15, 2025 to Discuss Your Rights - DNUT
Prnewswire· 2025-06-12 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Krispy Kreme, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its business performance and partnership with McDonald's [1]. Allegations - The complaint claims that demand for Krispy Kreme products significantly declined at McDonald's locations following the initial marketing launch [1]. - It is alleged that the drop in demand at McDonald's was a key factor in the declining average sales per door per week for Krispy Kreme [1]. - The partnership with McDonald's is claimed to be unprofitable, posing a substantial risk to its continuation [1]. - As a result of these issues, the company is expected to pause its expansion into new McDonald's locations [1]. - The positive statements made by the defendants regarding the company's business and prospects are said to be materially misleading and lacking a reasonable basis [1]. Class Action Details - The class period for the lawsuit is defined as February 25, 2025, to May 7, 2025 [1]. - Shareholders are encouraged to register for the class action by July 15, 2025, to potentially be appointed as lead plaintiffs [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
Krispy Kreme, Inc. Class Action: Levi & Korsinsky Reminds Krispy Kreme, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 15, 2025 – DNUT
GlobeNewswire News Room· 2025-06-10 17:07
Core Viewpoint - A class action securities lawsuit has been filed against Krispy Kreme, Inc. due to alleged securities fraud affecting investors between February 25, 2025, and May 7, 2025 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that demand for Krispy Kreme products significantly declined at McDonald's locations following the initial marketing launch [2] - It is alleged that the decline in demand at McDonald's contributed to decreasing average sales per door per week [2] - The partnership with McDonald's is claimed to be unprofitable, posing a substantial risk to maintaining this partnership [2] - As a result of these issues, the company is said to have paused its expansion into new McDonald's locations [2] - The defendants' positive statements regarding the company's business and prospects are alleged to be materially misleading and lacking a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request appointment as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Krispy Kreme, Inc. (DNUT) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
GlobeNewswire News Room· 2025-06-10 17:05
Core Viewpoint - The Krispy Kreme class action lawsuit alleges that the company and its executives violated the Securities Exchange Act of 1934, with claims related to misleading statements and undisclosed risks regarding their partnership with McDonald's and declining product demand [1][4]. Company Overview - Krispy Kreme, a producer of doughnuts, initiated a partnership with McDonald's in October 2022, which was expanded nationwide in March 2024 [3]. - The lawsuit claims that demand for Krispy Kreme products at McDonald's locations significantly declined after the initial launch, impacting average sales negatively [4]. Financial Performance - In the first quarter of 2025, Krispy Kreme reported net revenue of $375.2 million, reflecting a decline of 15.3% year-over-year, and a net loss of $33.4 million compared to a net loss of $6.7 million in the previous year [5]. - Following the financial results announcement, Krispy Kreme's share price dropped nearly 25%, indicating a strong market reaction to the news [5]. Legal Proceedings - The class action lawsuit seeks to represent investors who purchased Krispy Kreme securities during the class period, allowing them to potentially serve as lead plaintiffs [2][6]. - The lead plaintiff process is governed by the Private Securities Litigation Reform Act of 1995, which allows investors with the greatest financial interest to direct the lawsuit [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 15, 2025 in Krispy Kreme, Inc. Lawsuit – DNUT
GlobeNewswire News Room· 2025-06-09 17:35
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Krispy Kreme, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 25, 2025, to May 7, 2025 [3]. - Allegations include: - A significant decline in demand for Krispy Kreme products at McDonald's locations following the initial marketing launch [3]. - This decline contributed to decreasing average sales per door per week [3]. - The partnership with McDonald's was reportedly not profitable [3]. - The aforementioned issues posed a substantial risk to the continuation of the partnership with McDonald's [3]. - As a result, the company would pause its expansion into new McDonald's locations [3]. - Positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 15, 2025, to participate in potential recovery [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit and illegal business practices, ensuring companies adhere to responsible business practices [5].