Krispy Kreme(US:DNUT) Globenewswire·2025-10-02 11:03Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Krispy Kreme, Inc. due to a class action lawsuit alleging breaches of fiduciary duties by the board of directors during the specified class period from March 26, 2024, to May 7, 2025 [1]. Group 1: Class Action Lawsuit Details - The class action lawsuit claims that Krispy Kreme made false or misleading statements regarding the demand for its products at McDonald's locations, which significantly declined after the initial marketing launch [6]. - It is alleged that the declining demand at McDonald's was a key factor in the drop in average sales per door per week and that the partnership with McDonald's was not profitable [6]. - The lawsuit also states that Krispy Kreme paused its expansion into new McDonald's locations due to these issues [6]. Group 2: Financial Performance - On May 8, 2025, Krispy Kreme reported first quarter 2025 financial results, revealing net revenue of $375.2 million, a decline of 15.3% compared to the previous year [6]. - The company also reported a net loss of $33.4 million, a significant increase from the prior year's net loss of $6.7 million [6]. - Krispy Kreme announced it was reassessing its deployment schedule with McDonald's and withdrew its previous full-year outlook due to uncertainties surrounding the partnership [6]. Group 3: Stockholder Information - Long-term stockholders of Krispy Kreme who suffered losses during the class period are encouraged to contact Bragar Eagel & Squire for discussions regarding their legal rights [1][3].