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Kirby McInerney LLP Announces Investigation of Claims Against Krispy Kreme, Inc. (DNUT) on Behalf of Investors
Krispy KremeKrispy Kreme(US:DNUT) GlobeNewswire News Roomยท2025-05-10 00:00

Core Insights - Kirby McInerney LLP is investigating potential claims against Krispy Kreme, Inc. regarding possible violations of federal securities laws and unlawful business practices [1] Financial Performance - On February 25, 2025, Krispy Kreme reported fourth quarter 2024 financial results with net revenue of $404.0 million, a decline of 10.4%, and a decrease in sales per door per week due to changing customer mix. Following this announcement, the share price fell by $2.00, or approximately 22%, from $9.13 to $7.13 [3] - On May 8, 2025, Krispy Kreme released first quarter 2025 financial results, showing net revenue of $375.2 million, a decline of 15.3%, and a net loss of $33.4 million compared to a prior year net loss of $6.7 million. The company also announced a reassessment of its deployment schedule with McDonald's and withdrew its full year outlook, leading to a share price drop of $1.07, or approximately 25%, from $4.33 to $3.26 [4]