Krispy Kreme, Inc. (NASDAQ:DNUT) shares rose Thursday after the doughnut chain topped profit expectations and edged past Wall Street’s sales forecast.
Investors also weighed the company’s ongoing footprint optimisation and its plans to expand distribution while targeting improved cash generation.
• Krispy Kreme stock is among today’s top performers. Why is DNUT stock up today?
Quarterly Metrics
The company reported fourth-quarter adjusted earnings per share of nine cents, beating the analyst consensus estimate of 3 cents.
Quarterly sales of $392.367 million outpaced the Street view of $386.715 million. Organic revenue decreased 3.9%, reflecting the strategic closure of underperforming doors.
In the U.S. segment, net …