Krispy Kreme Stock Pops as DNUT’s Turnaround Faces Its Next Test
Krispy Kreme shares climbed 4.4% to $3.35 Wednesday, outpacing major indexes as McDonald’s traded flat. The company reported first-quarter net revenue of $367 million, down 2.2%, with a narrowed net loss of $22.7 million and adjusted EBITDA up 38% to $33.1 million. Krispy Kreme ended Q1 with 15,125 global points of access, down 15.9% from a year earlier. Recent promotions included free doughnuts for graduates and the return of a lemon-filled item.