Levi & Korsinsky Notifies Krispy Kreme, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - A class action securities lawsuit has been filed against Krispy Kreme, Inc. for alleged securities fraud affecting investors between March 26, 2024, and May 7, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Krispy Kreme's management provided misleading statements regarding the demand for its products at McDonald's locations, failing to disclose that lower demand was impacting average weekly sales per store [2] - The partnership with McDonald's was reported to be unprofitable, leading to a pause in expansion into new locations [2] - Krispy Kreme reported a net revenue decline of $404 million, a decrease of 10.4%, and a drop in average sales per door per week due to changing customer mix [2] Group 2: Financial Impact - Following the release of disappointing fourth quarter 2024 results, Krispy Kreme's stock price fell from $9.13 per share to $7.13 per share on February 25, 2025 [2] - In the first quarter of 2025, the company reported net revenue of $375.2 million, a decline of 15.3% or $67.5 million, and withdrew its full-year outlook due to uncertainty around the McDonald's deployment schedule [2] - The stock price further declined from $4.33 per share on May 7, 2025, to $3.26 per share on May 8, 2025, representing a drop of about 25% in one day [2] Group 3: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until July 15, 2025, to request appointment as lead plaintiff in the lawsuit [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 4: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]