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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Krispy Kreme, Inc. of Class Action Lawsuit and Upcoming Deadlines - DNUT
Krispy KremeKrispy Kreme(US:DNUT) GlobeNewswire News Roomยท2025-06-02 16:30

Core Viewpoint - A class action lawsuit has been filed against Krispy Kreme, Inc. regarding allegations of securities fraud and unlawful business practices [2][4]. Financial Performance - Krispy Kreme reported first quarter 2025 financial results with 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, which is significantly higher than the prior year's net loss of $6.7 million [4]. Market Reaction - Following the release of the financial results, Krispy Kreme's stock price fell by $1.07 per share, or 24.71%, closing at $3.26 per share on May 8, 2025 [4]. Business Strategy - Krispy Kreme announced it is reassessing its deployment schedule in collaboration with McDonald's and has withdrawn its prior full-year outlook due to uncertainties surrounding this schedule [4].