Krispy Kreme(US:DNUT) Prnewswireยท2025-07-10 13:00Core Viewpoint - Krispy Kreme, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding the demand for its products at McDonald's locations, which has negatively impacted its financial performance and stock price [2][3]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from March 26, 2024, to May 7, 2025, during which defendants allegedly provided overly positive statements while concealing material adverse facts about product demand at McDonald's [2]. - The company reported a net revenue decline of $404 million, representing a 10.4% decrease, and a drop in average sales per store due to changing customer mix [2]. - Following the release of disappointing fourth quarter 2024 results, Krispy Kreme's stock price fell from $9.13 to $7.13, a decline of approximately 22% in one day [2]. - In the first quarter of 2025, net revenue was reported at $375.2 million, a decline of 15.3% or $67.5 million, leading to a further stock price drop from $4.33 to $3.26, a decrease of about 25% in a single day [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by July 15, 2025, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].