Krispy Kreme Warns a Cyber Attack Will Negatively Impact Results

Core Insights - Krispy Kreme experienced a cyber attack last month that disrupted its operations, particularly affecting online ordering in the U.S. [1] - The company anticipates that the costs associated with the breach will negatively impact its financial results [1] - Krispy Kreme's shares fell approximately 3% following the announcement, and the stock has lost about 35% of its value this year [1] Operational Impact - The breach was reported on November 29, and while physical stores remained open, there were operational disruptions, especially with online ordering in certain U.S. regions [1] - Daily fresh deliveries to retailers and restaurant partners were not impacted by the cyber attack [1] Financial Implications - Krispy Kreme warned that the incident is likely to have a material impact on its business operations until recovery efforts are completed [1] - The company stated that the costs related to addressing the cyber attack will likely have a significant effect on its results of operations and overall financial condition [1]