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INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Krispy Kreme
Krispy KremeKrispy Kreme(US:DNUT) GlobeNewswire News Roomยท2025-05-11 11:42

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Krispy Kreme, Inc. following significant financial losses reported by the company, which have adversely affected its stock price and injured investors [3][4][5]. Financial Performance - On February 25, 2025, Krispy Kreme reported fourth quarter 2024 financial results with net revenue of $404.0 million, reflecting a decline of 10.4% compared to the previous year, and a decrease in sales per door per week due to a changing customer mix [4]. - Following this announcement, Krispy Kreme's stock price dropped by $2.00, or 21.9%, closing at $7.13 per share on the same day [4]. - On May 8, 2025, the company released its 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 net loss of $6.7 million in the prior year [5]. - The stock price fell further by $1.07, or 24.7%, closing at $3.26 per share after this announcement [5]. Company Actions - Krispy Kreme announced it is reassessing its deployment schedule with McDonald's and has withdrawn its prior full year outlook due to uncertainties surrounding the partnership [5].