
Core Viewpoint - A class action lawsuit has been filed against Krispy Kreme, Inc. for allegedly providing misleading statements regarding the demand for its products at McDonald's locations, which contributed to declining sales and stock prices [1][3]. Financial Performance - Krispy Kreme reported a net revenue of $404 million for the fourth quarter of 2024, reflecting a decline of 10.4% [4]. - The company's first quarter 2025 net revenue was $375.2 million, a decrease of 15.3% or $67.5 million compared to the previous period [5]. Stock Price Impact - Following the announcement of disappointing fourth quarter results on February 25, 2025, Krispy Kreme's stock price fell from $9.13 to $7.13 per share [4]. - After the first quarter 2025 results were released on May 8, 2025, the stock price dropped from $4.33 to $3.26 per share, a decline of approximately 25% in one day [5]. Legal Proceedings - The class action lawsuit, Elizabeth Leodler v. Krispy Kreme, Inc., was initiated in the United States District Court for the Western District of North Carolina [1]. - Investors who suffered losses in Krispy Kreme securities have until July 15, 2025, to request appointment as lead plaintiff in the lawsuit [6].